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Project Insights

Chinese ex-works LNG prices drop as heating demand falls

Rising supplies and declining demand led to an 8.29% drop in the price of ex-works LNG last week Rising supplies and declining demand led to an 8.29% drop in the price of ex-works LNG last week.
By Tang Tian 13 March 2019 Asia Pacific / Supply & Demand 0 34024
Ex-works prices of LNG

The ex-works price of LNG produced in China averaged RMB 4,365 per ton ($12.53/MMBtu) last week, down by 8.29% from the previous week. Thirty-three plants in Inner Mongolia, Hebei, Shanxi, Jiangsu, Henan, Hubei, Ningxia, Shaanxi and Sichuan lowered their quoted prices by 3.85% week on week because of reduced demand for gas heating and greater supplies of the fuel.

LNG transported by truck

Rates for transporting LNG via diesel- and LNG-fuelled trucks last week ranged from...