Stock builds will boost Chinese LNG prices in October

Strong stock-building is expected to result in ex-works prices for LNG rising by an average of 4.25% month on month Strong stock-building is expected to result in ex-works prices for LNG rising by an average of 4.25% month on month.
By Tang Tian 12 October 2017 0 27939

China’s LNG output is forecast to be 1.47 billion cubic metres in October. Strong stock-building is expected to see ex-works prices increase by an average of 4.25% from September.

Output and price forecasts for October

  Output, MMcm Ex-works price, RMB/ton Price change, month on month
Shaanxi 620.00 3,500-4,200 4.05%
Gansu
Ningxia
Xinjiang
Qinghai
Inner Mongolia 250.00 3,900-4,000 5.33%
Beijing 334.8 4,200-4,300 2.41%
Tianjin
Shanxi
Heilongjiang 61.00 4,200-4,600 11.68%
Liaoning
Jilin
Jiangsu 11.20 5,200-5,400 1.92%
Anhui
Shandong 19.04 4,800-5,000 2.08%
Henan 82.04 4,300-5,000 4.49%
Hubei
Hunan
Guizhou 93.60 3,800-4,100 6.75%
Sichuan
Yunnan
Source: SCI

The Yuedong terminal sent out 80 tanker trucks per day on average in September, up by 66.7% from August, while Zhuhai sent out...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up