China spot LNG delivery price averaged Yuan 4,505/tonne as of May 24, up Yuan 18/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,358/t today, up Yuan 105/tonne from the previous trading day, according to OilChem. The prices rose with terminals holding the prices firm, but the downstream demand was weighed on by the frequent rains.
Domestic LNG prices are likely to maintain momentum with moderate demand from the track sector, and the traders staying active when the prices have been on the rise.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com