S&P Global Platts has launched daily Chinese yuan per metric ton (yuan/mt) and yuan per MMBtu (yuan/MMBtu) conversions of the Platts JKM LNG assessment, effective December 16, 2019.
The JKM assessment (AAOVQ00), which represents the average of the two half-month cycles, comprising the first full month of delivery, is converted into yuan/mt and yuan/MMBtu from $/MMBtu.
The conversions are calculated on a daily basis using a currency exchange rate (AAWFW00) published daily on working days in Singapore, with a factor of 52 for the MMBtu to mt conversion.
The addition of yuan-converted JKM reflects the rapid growth of spot LNG volumes delivered to China and facilitates comparisons between LNG spot import and domestic market prices.
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