SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > LNG News > News Detail
LNG News
SunSirs: China Domestic LNG Fell after Consolidation (January 9-13)
January 16 2023 10:56:59SunSirs(Selena)

As of January 13, the average price of liquefied natural gas in China was 6,232 RMB/ton, compared with the average price of 6,484 RMB/ton on January 9, according to the monitoring data of SunSirs. Last week, the decline of domestic LNG was 3.89%.

Last week, the price of LNG in China fell after the shock. From Monday to Thursday, the domestic LNG market fluctuated slightly. Most regions in China have begun to cool down, and the downstream demand has weakened before the festival, and the industry is mostly stable and wait-and-see. The domestic rainy and snowy weather hit on Friday, the traffic and transportation were blocked, the market inventory mentality increased, and LNG began to decline. On January 13, PetroChina supplied the feed gas of Northwest Liquid Plant to the auction, and 51 million cubic meters were all sold at the starting price of 3.98 RMB/square meter.

SunSirs LNG analysts believe that the recent cold wave in many places in China has caused poor transportation and the domestic price of LNG has been reduced. As the Spring Festival approaches, terminal demand is weakening, and China domestic LNG prices are expected to fall in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products