05 November 2012 07:59 [Source: ICIS news]
LNG producers based in Inner Mongolia and Ningxia Hui autonomous regions were unable to sell out their LNG as a result of traffic jams at the Yinchuan-Qingdao expressway, which is the artery for LNG transportation, said several LNG suppliers based in northwest and north
However, LNG sales in
“Some producers raised their prices by yuan (CNY) 200-300/tonne ($32-48/tonne) in view of shrinking supplies in these regions,” the supplier said.
Henan Zhongyuan Green Energy High-Tech, for example, hiked its LNG ex-works offer to CNY4,300-4,350/tonne on 5 November, versus CNY4,050-4,100/tonne on 2 November, the supplier added.
The supply shortages in those regions are expected to ease from 6 November, as it takes at least one day for LNG trucks to arrive at their target markets, although the traffic jams had been cleared on 4 November, the supplier went on to add.
($1 = CNY6.25)
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