LNG Market Report: Spot Balance Tips in Sellers' Favour
SINGAPORE, August 26, 2014 /PRNewswire/ --
An upturn in early winter pricing sentiment on the back of Australia's awarded North West Shelf (NWS) tender has strengthened sellers' bargaining position over the past weeks.
However, with numerous marginal supply options still available in both the Atlantic and Pacific basin, buyers are keen to realise the shoulder month value at close to the recent three-year lows seen on the ICIS East Asia Index (EAX).
The ICIS East Asia Index (EAX) is an arithmetic average of the DES (delivered ex-ship) front month and second month ahead assessments for Japan, South Korea, Taiwan and China. The index provides a measure of the commodity's value across the East Asia region and is a reliable LNG reference price for the region as it incorporates a wider pool of demand centres.
ICIS LNG Market Reporter, Ludovic Aldersley, gives further details on how buyers are managing this recent market development, with breakdown on offers, bids and transactions. Read the full article at http://www.icis.com/press-releases/eax-spot-balance-tips/
ICIS is the world's largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling our customers to make better-informed trading and planning decisions. We have more than 30 years' experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
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