MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

LNG: Flurry of New Tonnage Diverges LNG Shipping from Cargo Market: Platts

LNG
Energy BulletsBulletPower BulletsCommodities

European LNG cargo prices are rising, contrasting sharply with falling shipping rates, according to Platts.

  • The divergence is driven by strong demand and a tighter winter supply balance for LNG, while the shipping market is experiencing an influx of new vessels, coupled with weak demand and a bearish outlook.
  • In the Atlantic Basin, two-stroke ships stood at $19.5k/d Nov. 21, compared to $190k/d last year, while the Pacific Basin is $19.5k/d, compared to $200k/d last year.
  • Typically, cargo price and rates move in line, but the diverging fundamentals have kept rates under significant pressure.
  • Although LNG freight remains well-supplied with ample vessels in the spot market, the LNG cargo market remains relatively tight, with few prompt volumes.
  • Continued delayed for new liquefaction projects have led to more ships being introduced into the market at a faster rate than available capacity.
  • The narrow contango in the market has also provided few opportunities for storing LNG on the water.

 

Keep reading...Show less
156 words

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.

European LNG cargo prices are rising, contrasting sharply with falling shipping rates, according to Platts.

  • The divergence is driven by strong demand and a tighter winter supply balance for LNG, while the shipping market is experiencing an influx of new vessels, coupled with weak demand and a bearish outlook.
  • In the Atlantic Basin, two-stroke ships stood at $19.5k/d Nov. 21, compared to $190k/d last year, while the Pacific Basin is $19.5k/d, compared to $200k/d last year.
  • Typically, cargo price and rates move in line, but the diverging fundamentals have kept rates under significant pressure.
  • Although LNG freight remains well-supplied with ample vessels in the spot market, the LNG cargo market remains relatively tight, with few prompt volumes.
  • Continued delayed for new liquefaction projects have led to more ships being introduced into the market at a faster rate than available capacity.
  • The narrow contango in the market has also provided few opportunities for storing LNG on the water.

 

Keep reading...Show less