The average price paid by Japanese buyers for spot LNG in October was $15.30/MMBtu, up 15.9% from $13.20/MMBtu in September, the Ministry of Economy, Trade and Industry said Wednesday, November 12.
Japan Korea Marker averaged $13.890/MMBtu in October. This reflects spot deals concluded in October for delivery in November and December to Japan and South Korea.
Trading in November-delivered cargoes was thin in October as some Japanese buyers were looking for December parcels.
In the first half month of October, the average JKM assessment for cargoes delivered in December was $15.363/MMBtu.
By the end of October, however, the average price for December cargoes had dropped significantly, with the December JKM assessed at $12.55/MMBtu on October 31.
Yaang Pipe Industry