China spot LNG delivery price averaged Yuan 4,410/tonne as of April 23, up Yuan 33/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,255/t today, up Yuan 26/tonne from the previous trading day, according to OilChem. The prices inched up as the terminals maintained a balance in sales and production and were not in a hurry to destock ahead of the Labor Day holiday in the face of relatively low in-plant inventory.
LNG sales volume by truck at coastal terminals was 54,915 tonnes on April 22, down 0.61% from the last trading day. In detail, the sales volume was 20,559 tonnes in East China, down 4.95%, 17,787 tonnes in South China, up 0.71%, and 14,448 tonnes in North China, up 4.95%, according to OilChem data.
Domestic LNG prices are projected to remain rangebound with relatively balanced supply and demand, and the end-market players are likely to purchase on demand.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com