Weak demand and weak trend of domestic LNG

1、 Price trend

 

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According to the data monitoring of the business community, as of November 11, the average price of LNG in Inner Mongolia was 4806 yuan/ton, down 2.91% from the average price of 4950 yuan/ton on November 7.

 

2、 Market analysis

 

The weak domestic LNG market continued this week, and the price continued to decline. At present, the market demand is weak and the trading and investment are flat. The price fell sharply in the air, which was bad for the domestic gas market. Although the heating season is coming, the temperature is relatively high in recent days, and the demand has not improved. The liquid plant has discharged more inventory and reduced the price. After successive price reductions, the market in some regions rebounded slightly. Due to the control of the epidemic situation in Inner Mongolia, the shipment is not smooth, and the market continues to decline.

 

Offer of LNG in domestic mainstream market on November 11:

 

Region./Quote

Inner Mongolia/. 4650-5000 yuan/ton

Shaanxi/. 4900-5200 yuan/ton

Shanxi/. 5050-5200 yuan/ton

Ningxia/. 5100-5200 yuan/ton

Hebei/. 5300-5450 yuan/ton

Henan/. 5450-5600 yuan/ton

Sichuan/. 5150-5400 yuan/ton

Shandong/. 5700-5800 yuan/ton

3、 Future market forecast

 

LNG analysts from the business community believe that due to the sluggish terminal demand in recent days, the market for LNG continues to run weak due to oversupply on the market. The industry held a wait-and-see attitude, with gains and losses in various regions of China. Although the cost has some support, the demand side has not improved, and the LNG market is expected to consolidate in the short term.

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