China spot LNG delivery price averaged Yuan 4,411/tonne as of April 25, down Yuan 6/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,248/t today, down Yuan 7/tonne from the previous trading day, according to OilChem. The prices dropped as the upstream terminals tried to destock ahead of the Labor Day holiday.
LNG sales volume by truck at coastal terminals was 54,915 tonnes on April 24, up 2.87% from the last trading day. In detail, the sales volume was 19,866 tonnes in East China, flat, 18,186 tonnes in South China, up 2.36%, and 15,288 tonnes in North China, up 7.22%, according to OilChem data.
Domestic LNG prices are projected to stay flat in the face of stable supply and normal downstream purchases.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com