Singapore LNG indices at robust levels for time of year with July North Asia over $8.00 mark
The Singapore LNG cargo indices are still at robust levels for the time of year, mostly remaining well above the US$7.00 per million British thermal units from the second half of May through to the first half of July, though with North Asia shipments for July breaking the $8.00 per MMBtu barrier.
Singapore LNG index for May is steady at US$6.830 per MMBtu as North Asia edges up
The Singapore LNG cargo index for May remained steady at US$6.830 per million British thermal units compared with US$6.931 per MMBtu last week while the second half of May averaged US$6.784 per MMBtu on weaker North Asian demand.
Singapore LNG cargo indices now under $7.00 per MMBtu apart from North Asia volumes
The Singapore LNG cargo index for May has dropped to US$6.780 per million British thermal units from US$6.931 per MMBtu last week while the second half of April averaged US$6.982 per MMBtu on weaker North Asian demand.
Singapore LNG cargo index for May drops under $7.00 per MMBtu and June prices decline
The Singapore LNG cargo index for May has dropped to US$6.931 per million British thermal units while April averaged US$7.249 per MMBtu as prices weakened on reduced demand in Asia.
Japanese LNG market report assesses possible spot price movements during summer months
International oil prices have been rising since early May, but the liquefied natural gas spot price for North East Asian countries such as Japan and South Korea, currently at an all-time low, is not encouraging a surge in demand.
