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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.
LNG
LNG futures traded volumes on the financial exchanges in Q4 hit a new record, according to Platts, citing exchange and broker data.
- A total of 182,971 lots were traded, surpassing the previous record in Q3 2023 of 164,748 lots.
- Across the whole of 2023, LNG traded volumes on ICE and CME rose 12.47% on the year to 636,607 lots, equivalent to 122.4m mt or 1929 cargoes, Platts added.
- Open interest for LNG futures in 2023 fell 10.6% year on year to 935,167 lots.
- Futures trading saw a fall in December, however, falling 36.6% on the month and 49.9% on the year to 41,843 lots.
- Demand in APAC has fallen, despite a cold snap, with little buying interest from China.
- However, some second-tier companies bought cargoes in Dec as falling prices made LNG more competitive vis a vis pipeline gas.
Source: S&P Global Commodity Insights
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.
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