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<Commodity>CN Apr LNG Imports May Hit 8-Yr New Low as Price Surge Dampens Demand: Wire
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Vessel-tracking data compiled by Kpler shows that, as price hikes triggered by the Middle East war dampened demand, China's liquefied natural gas (LNG) imports in April are expected to fall about 30% YoY to 3.5 million tons, logging the lowest level in eight years, according to Bloomberg. China recorded no re-exports in April, in sharp contrast to an all-time high of over 700,000 tons just a month earlier. This suggests that, with Asian spot LNG prices now roughly 70% higher than pre-war levels, there is little room left for resale profits. Auto-translated by AI AASTOCKS Financial News |
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