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China’s LNG Factory Inventory Falls on Week.

LNG

China’s LNG terminal inventory was 367.9k mt as of Oct. 26, down 8.4k mt on the previous week, according to OilChem.

  • OilChem said the fall was down to end user buying taking volumes to build up their own stocks, amid fears of further price rises.
  • JKM prices in the region have remained elevated, which is keeping some buyers out of the market.
  • Despite the arbitrage economics pushing US flows to Asia, freight congestion in the Panama Canal is likely to keep marginal cargoes heading to Europe, Platts said.
  • JKM Nov 23 up 3.5% at 18.35$/mmbtu
  • JKM-TTF Nov 23 up 0.4$/mmbtu at 2.43$/mmbtu
Energy BulletsCommodities
Energy BulletsCommodities

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