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Daily: China LNG prices hike on improving demand

Source: Mysteel Jan 23, 2024 16:55
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Natural Gas Industry

China spot LNG delivery price averaged at Yuan 5,108/tonne on January 23, up Yuan 142/t from previous trading day.


Imported LNG ex-terminal price was at Yuan 4,889/tonne, down Yuan 40/t from previous trading day, driven by price decreases in Guangdong and Guangxi.


LNG sales volume by truck at coastal terminals was 37,590 tonnes on January 22, an increase of 11.11% from previous trading day. That in East China was 18,501 tonnes, up 12.23%, 7,455 tonnes in South China, down 2.47%, and 10,563 tonnes in North China, up 22.98% from previous trading day, according to OilChem's data.


Domestic LNG ex-work price was at Yuan 4,696/t in Northwest China's Shaanxi province, up Yuan 88/t from previous trading day, data from OilChem showed, due to lowering inventory as a result of improving sales ahead of the Spring Festival.  


Written by Sunny Fang, fss@oilchem.net  
Edited by Aggie Hu, huchenying@mysteel.com 

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