China’s trucked LNG prices stage surprise rally Report

Insight 08 January 2021

Get this report*

$950

You can pay by card or invoice

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Spot prices of trucked LNG in China were highly volatile last month. Delivered prices in Hebei, southern Jiangsu and southern Guangdong almost doubled in just three weeks. In Hebei and Jiangsu, prices reached around RMB10,000/t on 21 December, their highest since December 2017. Prices then dropped sharply, only to increase again when another cold spell hit the country in late December, although failing to reach the previous week’s peak. In this paper, we will discuss what are the drivers of the price surge, measures China has taken to cope with the situation and what to watch in early 2021.

Trucked LNG spot prices hit three-year high
Winter gas demand accelerates
Trucked LNG prices respond quickly to gas demand surge, fuelled by market sentiment
Immediate upside for LNG imports appears limited
What to watch for early 2021