Title: Wholesale LNG Prices in China Reach Five-Year Low
China’s domestic wholesale liquefied natural gas (LNG) prices have experienced a notable decline this week. Prices at key importing terminals have fallen significantly, dropping below 3,500 yuan per ton. This substantial reduction represents a multi-year low for the domestic market, drawing considerable attention from industry observers.
Current Market Valuation
The current wholesale LNG price point now sits below 3,500 yuan per ton. This figure, important for energy sector analysis, translates to approximately $10.72 per million British thermal units (MMBtu). This valuation reflects recent market shifts and evolving supply-demand dynamics within the country.
Historical Price Context
This recent price drop marks the lowest level observed in the Chinese domestic market since mid-2021. The market has not seen such low figures in over five years, signifying a notable change. Such a trend indicates a significant shift in pricing dynamics for imported LNG across the nation.
Data Reporting and Analysis
SCI99, a reputable industry data provider, compiled and reported these specific figures. Their analysis systematically tracks domestic wholesale LNG prices at major importing terminals. Consequently, the data offers a clear snapshot of current market conditions and their potential implications for energy consumers and suppliers.
The continued monitoring of these price movements remains crucial for understanding China’s energy landscape. Future developments will reveal whether this trend of lower LNG prices persists or if market conditions prompt a rebound.
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