China spot LNG delivery price averaged Yuan 4,922/tonne as of July 26, up Yuan 12/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 4,865/t today, up Yuan 6/tonne from the previous trading day, according to OilChem. The circulation of resources tightened slightly due to the typhoon, and the demand in the logistics sector stood weak on poor weather conditions.
LNG sales volume by truck at coastal terminals was 38,283 tonnes on July 25, down 3.03% from the last trading day. In detail, the sales volume was 16,254 tonnes in East China, down 5.61%, 13,209 tonnes in South China, down 4.41%, and 7,140 tonnes in North China, up 4.94%, according to OilChem data.
Domestic LNG prices are expected to rise with mounting bullish sentiment following the latest feed gas auction in Northwest China, which is expected to lift the cost.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com