China LNG prices drop to five-year low amid rising inventories

Summary

China's domestic wholesale LNG price fell below 3,500 yuan per ton, the lowest since mid-2021, due to increased inventories and lower heating demand. Mild winter temperatures and a slow economic recovery contributed to the price decline, with terminal operators selling stockpiles at reduced rates.

Recent Coverage

• China Domestic LNG Prices at Lowest in Five Years

  RigZone • Dec 23

• China Domestic LNG Prices at Lowest in Five Years

  RigZone • Dec 23

• China’s LNG Prices Slide to a Five-Year Low as Winter Demand Disappoints

  OilPrice.com • Dec 23