SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > LNG News > News Detail
LNG News
SunSir: China LNG Market Mrice Rises to the Highest Level in the Year
December 10 2020 10:08:45SunSirs(Selena)

According to the monitoring data of SunSirs, as of December 7, the average price of domestic LNG was 5,043.33 RMB/ ton, up 17.29% compared with the previous trading day, 23.81% higher than that of 5,043.33 RMB/ ton at the beginning of the month, 36.43% month on month, and 10.28% higher than the same period last year.

Recently, the rise of domestic LNG has returned, and the price has been rising continuously. On December 7, the daily increase was as high as 17%. Since December, it has increased by more than 23% in a few days, higher than the same period last year. At present, the prices of Inner Mongolia, Shaanxi, Ningxia, Shanxi and other places have broken through the 5,000 RMB mark, and the market prices have risen in a straight line, and the import gas has also been actively pushed up, so the market sentiment has been boosted. The continuous rise of LNG price in this round is mainly due to the cold weather, the sharp increase of urban fuel demand, and the shutdown and gas restriction in some superimposed regions, and the regional tight supply has not significantly improved, so the LNG price has been continuously rising. At present, there are a lot of rainy and snowy weather, traffic is not smooth, some liquid factories are under pressure to ship, the price is slightly back, and the downstream is also tired. However, the demand side and supply side support strongly. In the short term, the LNG market is strong, and there are still upward expectations, but the increase may be narrowed.

According to the data monitoring of SunSirs, as of December 7, the price rose sharply compared with the beginning of the month. The average price in Inner Mongolia was around 5,100 RMB/ ton, up about 1,100 RMB/ ton. The average price in Shanxi was around 5,550 RMB/ ton, up about 980 RMB/ ton. The average price in Xinjiang was around 4,000 RMB/ ton, up about 360 RMB/ ton. The average price in Ningxia was around 5,100 RMB/ ton, up about 1,070 RMB/ ton, while in Sichuan, the average price was around 4,800 RMB/ ton, up about 550 RMB/ ton. The LNG prices in various regions rose sharply and the trading center shifted upward.

SunSirs LNG analysts believe that: the weather is cold, the demand for urban fuel has increased significantly, and there are still production stoppages and gas restrictions in some areas. The regional supply is tight, and there is no obvious improvement. The manufacturers are supporting the prices, and the LNG prices are constantly rising. In the short term, China LNG market is running strong, and there are still upward expectations, but the increase may be narrowed.

 

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