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China pares spot LNG purchases as high prices bite, inventories ample

From financialpost.com

Chinese buyers of liquefied natural gas (LNG) are pulling back on spot purchases of the super-chilled fuel as prices remain high and inventories are ample, several trade sources told Reuters. Close to record high freight rates are also crimping demand in the world’s top LNG buyer, resulting in only minor interest from Chinese buyers in the spot market for January cargoes in recent days, sources said.LNG shipments to China in November slipped by about 2% from the previous month to the lowest monthly volume since February, shiptracking data from Refinitiv Eikon showed. Official customs data for the month is yet to be ... (full story)

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  • Category: Fundamental Analysis