LNG

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...