China spot LNG delivery price averaged Yuan 4,773/tonne as of July 16, up Yuan 44/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,682/t today, up Yuan 41/tonne from the previous trading day, according to OilChem. The prices rose steadily on stable downstream demand and trade flow.
LNG sales volume by truck at coastal terminals was 41,160 tonnes on July 15, up 1.82% from the last trading day. In detail, the sales volume was 17,430 tonnes in East China, up 5.33%, 12,684 tonnes in South China, down 0.33%, and 9,051 tonnes in North China, down 2.71%, according to OilChem data.
Domestic LNG prices are expected to edge up with relatively balanced market supply and demand.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com