China may soon raise the price for NG price

Discussion in 'Commodity Futures' started by lx008, Mar 24, 2013.

  1. lx008


    It's reported that NDRC may raise domestic price of NG in the next month,from around 3~3.5 RMB/cubic meter to around 4 RMB.The demand side looks bright for NG.
  2. bone

    bone ET Sponsor

    Well, Chinese demand does not necessarily equate to US demand with the Nymex NG contract. The US political climate ( Dems ) have been negative for LNG terminals located on the US West Coast.