Chinese spot LNG prices fall back to December levels

Spot LNG prices for Northeast Asia declined by 4.1% week on week at the end of last week, to $7.15/MMBtu, returning to levels last seen in mid-December 2016 Spot LNG prices for Northeast Asia declined by 4.1% week on week at the end of last week, to $7.15/MMBtu, returning to levels last seen in mid-December 2016.
By Tang Tian 28 February 2017 0 24167

Spot LNG prices for Northeast Asia declined by 4.1% week on week at the end of last week, to $7.15/MMBtu, returning to levels last seen in mid-December 2016.

CIF price of LNG in major Asian countries and regions ($/MMBtu)

Date Japan South Korea China Taiwan
13 Feb 7.75 7.88 7.95 7.85
14 Feb 7.71 7.85 7.90 7.80
15 Feb 7.60 7.78 7.80 7.72
16 Feb 7.50 7.67 7.72 7.60
17 Feb 7.50 7.67 7.72 7.60
20 Feb 7.50 7.67 7.72 7.60
21 Feb 7.50 7.67 7.72 7.60
22 Feb 7.20 7.47 7.50 7.35
23 Feb 7.15 7.37 7.25 7.20
24 Feb 7.10 7.20 7.18 7.12
Source: Sublime China Information

Prices in Shandong, Tianjin, Hebei and Liaoning increased by 3.6% week on week, reflecting higher factory prices in Shaanxi. 

Heavy snowfall across northern China disrupted trucked LNG deliveries in Shanxi, leading...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Log me in

Not a subscriber?

Sign up for 7-day trial access to this and more premium content. It's free.

Sign up now