1、 Price trend

According to the Commodity Market Analysis System of Business Society, as of May 11th, the average price of liquefied natural gas in China was 3988 yuan/ton, which is 4398 yuan/ton compared to May 4th. This week, the price of liquefied natural gas in China decreased by 9.32%.

2、 Market analysis

This week, domestic liquefied natural gas prices continued to decline and rebounded to rise. After the May Day holiday, there was an oversupply in the market, weak trading on the market, strong willingness of liquid plants to discharge their inventory, and a decrease in the price of liquefied natural gas. In terms of sea and gas, some receiving stations have lowered their prices. On the afternoon of May 9th, PetroChina Northwest Liquid Plant bid for raw gas prices in mid May (May 11-20). The starting price is 2.08 yuan/square meter, and the transaction volume is 2.19-2.36 yuan/square meter. The low end is reduced by 0.21 yuan/square meter compared to the previous period, while the high end is reduced by 0.18 yuan/square meter compared to the previous period. The transaction volume is 80 million square meters, and there is no unsold auction. Due to the cost decline, the price of liquefied natural gas continues to weaken. After continuous price reductions, the pressure on the liquid level was relieved, and prices rebounded and rose on Thursday.

On May 11th, the domestic mainstream market’s liquefied natural gas quotation situation:

Region/ offer

Inner Mongolia region/ 3800-4100 yuan/ton

Shaanxi region/ 3830-4050 yuan/ton

Shanxi region/ 3800-4200 yuan/ton

Ningxia region/ 4000-4120 yuan/ton

Hebei region/ 4050-4100 yuan/ton

Henan region/ 4100-4450 yuan/ton

Sichuan region/ 3630-4050 yuan/ton

Shandong region/ 4400-4500 yuan/ton

3、 Future Market Forecast

Liquefied natural gas analysts from Business Society believe that the domestic liquefied natural gas market has started to rebound and rise after a continuous decline, and downstream restocking has begun to increase. At present, the market is in a stage of consolidation and consolidation, and it is expected that the domestic liquefied natural gas market will mainly consolidate and operate in the short term.