Chinese LNG plants cut prices on slow demand

Some of China’s LNG plants discounted their prices last week to reduce their inventories amid sluggish downstream demand before the Qingming Festival public holiday Some of China’s LNG plants discounted their prices last week to reduce their inventories amid sluggish downstream demand before the Qingming Festival public holiday.
By Tang Tian 12 April 2017 0 25461

Some of China’s LNG plants discounted their prices last week to reduce their inventories amid sluggish downstream demand before the Qingming Festival public holiday at the start of April. Thirty plants in Inner Mongolia, Hebei, Shanxi, Henan, Gansu, Ningxia, Shaanxi and Xinjiang cut their prices by an average of 5.17% from the previous week.

Ex-works prices of LNG in selected areas, (RMB/t)

Province and region 1-7 April
Lowest Highest
Inner Mongolia 2,900 3,200
Tianjin, Hebei 3,200 3,500
Shanxi 3,100 3,370
Henan 3,300 3,430
Shandong 3,250 3,600
Anhui 3,350 3,550
Jiangsu 3,550 3,600
Chongqing
...

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