FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

EZ/UK T-Bill Calendar:1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Chinese LNG Buying Interest Picks Up on Low Prices

LNG

Several Chinese LNG importers are looking to ramp up spot purchases after prices fell to the lowest since almost three years according to Bloomberg.

  • North Asian spot LNG prices dropped to $8.29/mmbtu earlier this week, the lowest since April 2021, trading sources said.
  • Shenzhen Energy Group and China Gas Holdings are currently in talks with potential suppliers for additional cargoes in the next months, sources told Bloomberg.
  • China Resources Gas Group purchases one spot LNG shipment for March delivery, a trader said.
  • China is expected to receive 17 cargoes totalling 1.01m mt in the seven days to Feb. 25, according to OilChem. This is up 18.82% from the 0.85m mt issued in the week to February 18.
  • In early January, Chinese buyers boosted LNG shipments and purchased 6-8 spot shipments driven by a sharp decline in LNG prices.
    • JKM Mar 24 up 0.2% at 9.32$/mmbtu
    • JKM-TTF Mar 24 down -0.1$/mmbtu at 1.64$/mmbtu
Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.