Platts JKM, the benchmark price for LNG delivered to Northeast Asia, is expected to be rangebound in the week of Sep. 1-5.
Platts, part of S&P Global Commodity Insights, assessed the October JKM prices at $/MMBtu Aug. 29, marking a /MMBtu drop week over week, weighed by persistent weak buying interest for spot cargoes among Northeast Asian end-users.
Winter restocking was deemed too early to kickstart, market sources said, with demand for winter deliveries expected to pick up in October. Current inventory levels across the region are sufficient to meet current downstream demand, dampening spot buying interest.
The DES Northwest Europe Marker for August was assessed at $/MMBtu on Aug. 29, with the /NWE spread marked at 73 /MMBtu, widening slightly by 6 /MMBtu week over week.
The market was also closely watching the movement of the Arctic Mulan, a sanctioned Russian LNG carrier, that departed from a Tieshan terminal in the Port of Beihai in southern China on Aug. 29.
Northeast Asia
Southeast Asia
South Asia
Derivatives
