Chinese LNG demand soft over new year holiday

Downstream LNG demand remained soft in China last week as most factories stayed shut for the Lunar New Year holiday Downstream LNG demand remained soft in China last week as most factories stayed shut for the Lunar New Year holiday.
By Tang Tian 28 February 2018 0 29771
Ex-works prices of LNG, 19-25 February

Downstream LNG demand remained soft in China last week as most factories stayed shut for the Lunar New Year holiday. Twenty four plants in Sichuan, Shanxi, Henan, Jiangsu, Shandong, Heilongjiang, Jilin, Hebei, Shaanxi, Xinjiang and Inner Mongolia cut their asking prices by an average of 35.6%.

Pipeline gas transactions on the SHPGX

Date Transacted volume, cm Average price, RMB/cm
12 Feb 20,000,000 2.6533
13 Feb
14 Feb
22 Feb
23 Feb 2,475,000 2.6533
Source: SHPGX

LNG transactions on the SHPGX

Date Transacted volume, tons Average...

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