According to the data monitoring of SunSirs, the average price of LNG on March 31 was 3,190 RMB/ ton, up 7.42% compared with the average price of 3,053.33 RMB/ ton on March 1, but still down 11.91% compared with the same period last year.

LNG has experienced successive declines in the past two months. In March, the downstream resumption rate increased significantly, the demand recovered, and the price rebounded. On the one hand, the opening of domestic transportation bottlenecks has cleared the obstacles for the LNG market, and the strength of LNG shipment has gradually increased. On the other hand, as most of the downstream manufacturers have resumed work and the demand has increased, which provides support for the price of LNG, the price pushing psychology of the manufacturers is obvious, the domestic LNG market continues to rise, and the rising trend starts to slow down in the middle of March. In the middle and late March, urban pipeline gas replenishment continued to decrease, demand growth slowed down, LNG began to callback, prices fell, erasing some of the previous gains.

SunSirs believes that in April, the heating in the northern region began to end. As the heating demand in the downstream of natural gas gradually decreased, China's LNG market gradually entered the off-season. In addition, at present, the import gas has been making profits continuously, which has impacted the domestic LNG market. The pressure of the LNG factory's delivery is large and the inventory is on the high side. It is expected that LNG will still have a downward trend in the short term.

Highlights in April:

In March, the price of "oil, gas and coal" three sectors showed a trend of differentiation. In April, the oil sector is still not optimistic. The main reason is that the crude oil market is difficult to get rid of the depressed environment, and the product oil is naturally hard to perform well. Especially in the current situation of increasing inventory pressure of refineries, global refineries are bound to continue to cut production, but domestic refineries perform well In foreign countries, China's resumption of production has been close to the level of years ago, and favorable policies such as high-speed free of charge have also boosted the demand for oil products. In the later stage, the positive effect of crude oil cost will gradually appear. Coal is likely to remain in a depressed trend. The complete end of the heating season in the North due to the "environmental protection" factor may deepen the decline of coal market, and there is still room for the price to go down. As far as the current trend is concerned, with the end of the rebound, the LNG market will also be weak. Generally speaking, the three sectors of "oil, gas and coal" in April may still have many challenges, not excluding further price exploration, but the decline will definitely narrow.

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