11 May 2012 09:39 [Source: ICIS news]
SINGAPORE (ICIS)--Liquefied natural gas (LNG) producers in northern ?xml:namespace>
Most LNG producer in north
In comparison, Shenzhen Dapeng, the major south China-based trader of imported LNG, offered its products at CNY5,476/tonne EXW for May-lifting, approximately CNY5,600/tonne
Consumers in south
“LNG sales have been rebounding and stocks have been depleting in the past week after we lowered our offers,” a north China-based producer said.
Producers in north
Sales of imported LNG in south China has been squeezed to around 40 trucks a day for Shenzhen Dapeng and 70-80 trucks a day for Fujian Putian at present, traders said.
Before the flocking of domestic cargoes from northern areas, Shenzhen Dapeng and Fujian Putian could deliver over 50 and 100 trucks of cargoes a day, respectively, according to the traders.
The price advantage of domestically produced LNG over imported volumes is likely to continue in the near term, as the prices of imported LNG are adjusted only once each month, market sources said.
($1 = CNY6.31)
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