LNG

Chinese LNG prices down while SHPGX sales rise

Ex-works LNG prices at Chinese liquefaction plants fell last week for the first time since the end of April, dropping by 7.77% Ex-works LNG prices at Chinese liquefaction plants fell last week for the first time since the end of April, dropping by 7.77%
By Tang Tian 30 May 2018 0 31062

Ex-works LNG prices at Chinese liquefaction plants fell last week for the first time since the end of April, dropping by 7.77%, to RMB 3,857 per ton ($11.64/MMBtu). Forty-nine plants in Inner Mongolia, Shanxi, Shandong, Henan, Sichuan, Chongqing, Gansu, Ningxia, Shaanxi, Xinjiang and Jilin cut their asking prices by an average of 11.5% week on week. 

Chart showing ex-works prices for Chinese LNG by region

Shipping rates for trucked LNG were RMB 0.70-1.00/km/t for distances within 1,000 km, and RMB 0.60-0.90/km/t for distances...