- Price Trend
In October, the domestic LNG market reversed and started the crazy inflation mode, which quickly pushed up to a high level. According to the data monitoring of SunSirs, the average price of LNG on October 8 was 2,866.67RMB/ ton, and on October 15 was 3,700 RMB/ ton. The price of LNG rose 30.81% in a week, down 9.31% compared with the same period last year.
- Market Analysis
Products: According to the data of SunSirs, as of October 15, the LNG price of Inner Mongolia Ordos Xingxing Energy Co., Ltd. was 3,750 RMB/ton, and that of Inner Mongolia Etok Qianqi Shitai Natural Gas Co., Ltd. was 3,750 RMB/ton. The LNG price of Zizhou LNG Plant of Shaanxi Luyuan Natural Gas Co., Ltd. is 3,750 RMB/ton, that of Xinjiang Guanghui LNG Development Co., Ltd. is 3,000 RMB/ton, that of Qinshui XinAo LNG is 3,900 RMB/ton, that of Shaanxi Zhongyuan Green Energy LNG Co., Ltd. is 3,750 RMB/ton, and that of Qinghua Energy Group of Xinjiang is 3,200 RMB/ton. Local LNG prices in many regions are rising crazily.
Market analysis: in recent days, the temperature has dropped, and the northern cities have gradually entered the winter heating period. The overall demand has increased. In the market "buy up don't buy down" mentality, drive market investment. Affected by cold weather, LNG soared by 30.81% for eight consecutive days after the national holiday, rapidly rising to a high level, with a good atmosphere for market trading and investment, and the logistics and transportation enterprises may usher in a turnaround. At present, the environmental protection requirements are relatively strict. We actively build a clean, low-carbon, safe and efficient modern energy system to fully promote the consumption of clean energy. The pressure of environmental protection, "coal to gas" has stimulated the rapid growth of natural gas demand. After the National Day holiday, the roads are restored to be smooth. There is a short-term "upsurge" of replenishment in the downstream, and the terminal demand is increased. Due to the continuous price reduction in the early stage, the loss of the LNG plants is serious. Considering the cost, the LNG price is pushed up to a high level. On October 15, the price of raw gas may be affected by the bidding for raw gas of conventional LNG plants of China National Petroleum Corporation (CNPC), coupled with the coming of winter supply and other favorable factors; LNG trend has a strong upward trend.
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