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Project Insights

Chinese ex-works prices drop sharply in January

The average ex-works price for Chinese LNG fell by 24% in January 2019 from December 2018 The average ex-works price for Chinese LNG fell by 24% in January 2019 from December 2018.
By Tang Tian 13 February 2019 Asia Pacific / LNG 0 33928
Average ex-works price of LNG from Chinese terminals

The average ex-works price for Chinese LNG stood at RMB 4,104 per ton ($11.75/MMBtu) in January 2019, down by 24.0% from December 2018 and the lowest level since August 2018. Forty-five plants across China reduced their asking prices by an average of 26.2% last month from December.

Ex-works prices of LNG

Pipeline gas transactions on the Shanghai Petroleum and Gas Exchange declined to a 10 month-low of 659 million cubic metres in...