1、 Price trend
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According to the data monitoring of the business community, as of November 18, the average price of domestic LNG was 4426 yuan/ton, which was 6.07% lower than the average price of 4712 yuan/ton on November 14.
2、 Market analysis
The domestic LNG market continued to be weak this week. LNG prices continued to fall from Monday to Thursday. In some areas, due to snow weather and epidemic control, transportation was blocked, and enterprises cut prices one after another to digest inventory. A sharp drop in the intake air has a negative impact on the domestic gas market. On Tuesday, the bidding price of feed gas was lowered, reducing the pressure on the cost of the liquid plant. The market is still oversupply, the demand side is weak, and the high liquid price continues to cover the drop. After continuous price cuts, the LNG market in some regions stopped falling and rebounded on Friday, but the demand side still performed poorly.
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Offer of LNG in domestic mainstream market on November 18:
Region, quotation
Inner Mongolia, 4370-4500
Shaanxi Province, 4450-4750
Shanxi, 4650-4750
Ningxia, 4400-4520
Hebei Province, 5000-5150
Henan, 4800-5300
Sichuan, 4550-4850
Shandong, 5100-5700
3、 Future market forecast
LNG analysts from the business community believe that: recently, due to the weakening of cost support, on-site supply exceeds demand, terminal demand release is limited, and the LNG market continues to decline. The new raw gas auction is about to start, and the industry is mainly cautious. It is expected that the LNG market will consolidate and operate in the short term. It is recommended to pay attention to the changes in cost side and downstream demand.
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