PetroChina sold a cargo for delivery into the Fujian terminal in China over Sept. 4-8 at $16.14 per mmBtu during the S&P Global Platts' pricing process on Thursday
A severe container shortage is pinching global export flows, driven by China's lopsided trade balance - exporting three containers for every one imported recently - and delays in containers returning to China due to the pandemic.
If the cold weather abates, prices may be near a peak as demand for heating fuel diminishes, traders and analysts said. Temperatures are expected to rise to above-average in Tokyo, Beijing, Seoul and Shanghai over the next few weeks, weather data from Refinitiv Eikon showed.