China spot LNG delivery price averaged Yuan 4,875/tonne as of July 22, up Yuan 17/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,797/t today, up Yuan 34/tonne from the previous trading day, according to OilChem. The prices rose with terminals in East and South China lifted the prices, but the downstream demand was still relatively soft.
Domestic LNG prices are expected to edge up with improving cost advantage after the producers resume the production.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com