Fall in winter LNG spot prices pulls back shipping rates
China’s weakened demand has held back LNG spot prices in Asia this winter season, causing the price spread that once supported cargo flows to the Far East to dissipate. All-in shipping rates including ballast bonuses, have already fallen, according to Platts’ assessments
Demand in China, the growth engine for LNG demand, weakened for the first time in three years this October, Platts noted
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