Chinese LNG prices edge downwards

Chinese wholesale LNG prices fell by 1.86% last week from the previous week as producers cut prices to compete with imported cargoes Chinese wholesale LNG prices fell by 1.86% last week from the previous week as producers cut prices to compete with imported cargoes.
By Tang Tian 19 April 2017 0 25524

Chinese wholesale LNG prices fell by 1.86% last week from the previous week, to RMB 3,212/t ($9.00/MMBtu), as producers cut prices to compete with imported cargoes. Thirty-three plants in Inner Mongolia, Hebei, Shanxi, Henan, Shaanxi, Ningxia and Xinjiang cut their prices by an average of 3.58%, although this was partly offset by three plants in Shaanxi, which raised their prices by 1.17%.

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

Province and region 8-14 April
Lowest Highest
Inner Mongolia 2,820 3,000
Tianjin, Hebei 3,050 3,280
Shanxi 3,100 3,200
Henan 3,300 3,400
...

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