Price Trend

After the National Day holiday, the domestic liquefied natural gas market began to improve. According to the data of business associations, the average price of liquefied natural gas on the 8th day was 2866.67 yuan/ton, the average price on the 10th day was 3050 yuan/ton, and the price of LNG rose by 6.4% in three days, which was 32.22% lower than the same period last year.

II. Analysis of Influencing Factors

Product: According to the data of business association, as of October 10, the LNG price of Inner Mongolia Ordos Xingxing Energy Co., Ltd. was 3100 yuan/ton, and that of Inner Mongolia Etok Qianqi Shitai Natural Gas Co., Ltd. was 3000 yuan/ton. The LNG price of Zizhou LNG plant of Shaanxi Luyuan Natural Gas Co., Ltd. is 3150 yuan/ton. The LNG price of Xinjiang Guanghui LNG Development Co., Ltd. is about 2500 yuan/ton. The LNG price of Qinshui New Olympics in Shanxi is 3500 yuan/ton. The LNG price of Shaanxi Zhongyuan LNG Co., Ltd. is 3050 yuan/ton. The LNG price of Qinghua Energy Group Co., Ltd. in Xinjiang is 3200 yuan/ton. The price of liquid has risen all over the country.

Market analysis: During the National Day period, due to traffic obstruction, LNG shipment is not smooth, after the holiday, road transportation resumed smoothly, downstream began to actively replenish goods, terminal demand increased, coupled with cooler weather, northern cities gradually entered the winter heating period, supporting LNG prices up. At present, downstream demand is rising, LNG suppliers are optimistic, liquid factories begin to actively push up, LNG prices continue to rise, three days to achieve “three consecutive rises”, an increase of 6.4%, the market as a whole has been pushing up. At present, there are still some factories with maintenance situation, boosting the liquefied natural gas market, active downstream purchasing, adjusting the price according to their own conditions, the market atmosphere has improved, some liquefied natural gas factories due to the low level in the early period and the expectation of heating season, price has increased strongly, the liquefied natural gas peak season is coming.

Industry: according to the price monitoring of the business agency, there are five commodities in the list of commodity prices rising and falling on October 9, 2019, among which the top three commodities are methanol (3.12%), dimethyl ether (3.04%) and liquefied natural gas (1.86%). There are six kinds of goods falling in the ring-to-ring ratio. The first three products falling are MTBE (-1.71%), gasoline (-0.27%) and diesel (-0.26%). The average daily rise and fall was 0.43%.

3. Future Market Forecast

Liquefied Natural Gas analysts believe that the overall market mentality is good, coupled with the upcoming heating, market demand has increased, there is no obvious short-term, is expected to rise steadily in the future.