According to the latest data from the National Bureau of Statistics, the price trend of liquefied natural gas (LNG) and liquefied petroleum gas (LPG) in China continued to diverge in late February 2019. The details are as follows.

In late February, the price of liquefied natural gas (LNG) was 4568.2 yuan/ton, up 232.2 yuan/ton, or 5.4% over the previous period.

In late February, the price of liquefied petroleum gas (LPG) was 3886.7 yuan/ton, down 35.7 yuan/ton, or 0.9% from the previous period.

Around the Lantern Festival, snowfall prevailed in North China and rainy and snowy weather in South China. Low temperatures and downstream enterprises that resumed work in succession resulted in a short-term surge in demand for LNG. However, production of LNG factories and receiving stations decreased before and after the Lantern Festival, and inventories were low, and production was still recovering after the year, resulting in tight supply. Under the pull of supply and demand, LNG prices have risen in some areas.

However, at present, the continuous rise of LNG has caused acceptance pressure on the undertaker, the downstream conflicting sentiment is obvious, and high-price shipments gradually fade. However, the factory liquid level is very low, in the near future, it is expected that the market is still dominated by high-level consolidation. In the long run, imports are sufficient, domestic production is increasing, demand is limited after heating, and the market may fall again.

According to the monitoring of Shanghai Petroleum and Natural Gas Trading Center, on February 27, the national LNG ex-factory price index was 4451 yuan/ton, which was 381 yuan/ton higher than the status of 4070 yuan/ton on February 12, an increase of 9.4%. As of March 1, the latest trading day, the ex-factory price of LNG had fallen to 4313 yuan/ton, 138 yuan/ton lower than the price on February 27, a decrease of 3.1%.

As far as LPG is concerned, there is no obvious improvement in the overall market demand. The international crude oil market continues to rise under the favorable conditions, which gives LPG a certain price support, while adequate supply also restrains the upward price of LPG.