LNG

Chinese exchange trading falls sharply as winter begins

Trading on the Shanghai exchange fell to a six-month low last week as winter heating demand cut surplus supplies Trading on the Shanghai exchange fell to a six-month low last week as winter heating demand cut surplus supplies.
By Tang Tian 21 November 2018 0 33382
Chart showing ex-works prices of LNG in Chinese provinces

The average price for ex-works LNG in China increased by 1.43% week on week last week, to RMB 4,399 per ton ($12.23/MMBtu). Sixteen plants in Inner Mongolia, Shaanxi, Xinjiang and Henan increased their asking prices by an average of 2.37%.

Transactions on the SHPGX

Date LNG trades (tons) Average price LNG (RMB/t) Pipeline trades (cm) Average price piped (RMB/cm)
12 Nov
13 Nov 30,763 5,027
14 Nov 20 4,550
15 Nov 35,434 5,160 10,500,000 2.2300
16 Nov 12,560 4,750

The volume of pipeline gas traded on the Shanghai Petroleum and Gas Exchange...