Insight
China’s trucked LNG prices stage surprise rally
*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.
Table of contents
- 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
Tables and charts
This report includes the following images and tables:
-
Monthly averageDaily, 1 November 2020 to 5 January 2021
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus October 2026: why exports will slow in 2027
China's export boom is set to slow in 2027 as policy support fades, the RMB strengthens and AI-hardware price inflation cools.
$1,150
Country Report
China iron ore supply summary
Lower prices, falling demand and competition from seaborne imports will cause Chinese iron ore supply to decline over the long term.
$6,750
Insight
China’s 15th Five-Year Energy Plan and Action Plan for Carbon Peaking: implications for the natural gas sector
Our interpretation of the policies and their directional impacts on China's gas demand growth
$950
