China spot LNG delivery price averaged Yuan 5,454/tonne as of September 10, up Yuan 1/tonne from the previous trading day, according to OilChem.
Imported LNG ex-terminal prices stood at Yuan 5,279/t today, down Yuan 2/tonne from the previous trading day, according to OilChem. The prices were little changed today, and the terminals mildly adjusted their quotations based on the market dynamics.
LNG sales volume by truck at coastal terminals was 38,577 tonnes on September 9, down 5.31% from the last trading day. In detail, the sales volume was 17,157 tonnes in East China, down 4.00%, 11,445 tonnes in South China, down 6.68%, and 8,316 tonnes in North China, down 8.97%, according to OilChem data.
Domestic LNG prices are expected to stabilize as the market response to the price hike has been flat.
Written by Aggie Hu, huchenying@mysteel.com
Edited by Navy Liu, liuchuanjun@mysteel.com