LNG spot trading on China’s NCE slow to take off

摘要

Singapore—China’s first LNG forward contracts on the Ningbo Commodities Exchange in eastern Zhejiang province has not attracted much interest from the industry. The spot contract, the first for LNG in China, was launched by the exchange in December last year and was meant to serve as a price discovery tool, which the NCE hopes will eventually serve as a basis for setting domestic spot prices, a senior official from the exchange said Wednesday.