What are the advantages of the Argus CFR Ningbo Index LPG price assessments?
The CFR Ningbo Index meets growing demand for a price that accurately represents conditions in the Chinese market. Argus has worked with companies operating in China to develop the cfr (delivered) Ningbo price, which is published daily in Argus International LPG.
Key features:
The Argus CFR Ningbo Index is based on 46,000t propane and/or butane refrigerated cargoes.
The index is based on a wide range of information, including bids and offers, transactions, informed market views and the performance of other related markets.
All bids, offers and deals to be included in the Argus CFR Ningbo Index are to conform to Argus CFR Ningbo contract terms.
The index assessment is for cargoes delivered to destination ports 25-40 days forward from the date of assessment.
How are these assessments used?
Clients buy and sell LPG priced against the Argus CFR Ningbo Index, plus/minus a differential. The Argus CFR Ningbo Index is used by Chinese importers, trading firms and international producers selling on a delivered basis into China. Chinese importers will also resell LPG to Chinese wholesalers and retailers using the Argus cfr Ningbo Index.
How do you access them?
The Argus CFR Ningbo Index (ANI) price assessments are published daily in Argus International LPG. This service delivers trusted price assessments alongside insightful market commentary, news and analysis.
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