Labour Day holiday drags down Chinese LNG sales

LNG plants in north and northwest China had surplus supply after the transport of chemical goods along highways was banned during the 1 May holiday LNG plants in north and northwest China had surplus supply after the transport of chemical goods along highways was banned during the 1 May holiday.
By Tang Tian 10 May 2017 0 25832

Chinese wholesale LNG prices edged down by 0.44% last week from a week earlier, to RMB 3,099/t ($8.59/MMBtu). Plants in north and northwest China had excess inventory after the transport of chemical goods along highways was banned during the 1 May Labour Day public holiday. Fifteen plants in Inner Mongolia, Ningxia, Shaanxi, Sichuan, Henan, Shanxi and Hebei cut asking prices by an average of 2.57% from the previous week.

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

Province and region 29 April-5 May
Lowest Highest
Inner Mongolia...

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