Inventory-building to boost Chinese LNG prices

Strong demand driven by inventory-building will see Chinese ex-works LNG prices increase by an average of 3.92% week on week Strong demand driven by inventory-building will see Chinese ex-works LNG prices increase by an average of 3.92% week on week.
By Tang Tian 14 September 2017 0 27570

Ningbo sold the most trucks of LNG last week, with daily sales of 230 tankers, followed by Zhuhai on 170 and Qingdao on 135.

LNG sales from terminals, trucks

Date Dapeng Putian Ningbo Rudong Dongguan Zhuhai Tianjin
4 Sep 40 100 230 90 130 170 100
5 Sep 40 100 230 90 130 170 100
6 Sep 40 100 230 90 130 170 100
7 Sep 40 100 230 90 130 170 100
8 Sep 40 100 230 90 130 170 100
Date Qingdao Tangshan Dalian Beihai Yuedong Qidong
4 Sep 135 32 21 80 70
5 Sep 135 32 21 80 70
6 Sep 135 32 21 80 70
7 Sep 135 32 21 80 70
8 Sep 135 32 21 80 70
Sources: JLC, SCI

China’s domestic LNG output is forecast to average 47.03 million cubic metres per day this week as plants in Hebei, Sichuan, Gansu and Ningxia increase their output in response to PetroChina cutting feedstock supply to plants in...

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