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SunSirs: Numerical Inventory of China LNG in 2020
January 15 2021 11:11:48SunSirs(Selena)

In 2020, the price trend of LNG was low before and high after. Let's take you back to the numbers that deserve our attention in 2020.

1. LNG up 43.37% for the year

In 2020, the domestic LNG market was volatile. According to the data monitored by SunSirs, the average mainstream price of domestic LNG at the beginning of the year was 3,743 RMB/ ton, and the average mainstream price of domestic LNG at the end of the year (December 11) was 5,366 RMB/ ton, an increase of 1,623 RMB over the quotation at the beginning of the year, or 43.37% during the year.

2. LNG fell 12.38% in the first quarter

In the first quarter of 2020, the domestic LNG market Rrose after falling. According to the data monitored by SunSirs, the mainstream average price of domestic LNG was 3,743 RMB/ ton on January 1, and 3,280 RMB/ ton on March 31. The quotation in the quarter fell 463 yuan, or 12.38%. The long and short market factors were intertwined, and the price of LNG fluctuates in the range of 3,000-3,200 RMB/ ton.

3. LNG fell 25.3% in the second quarter

In the second quarter of 2020, the domestic LNG market continued to decline. According to the data monitored by SunSirs, on April 1, the mainstream average price of domestic LNG was 3,280 RMB/ ton, and on June 30, the mainstream average price of domestic LNG was 2,450 RMB/ ton, and the quoted price fell 830 RMB, or 25.3%

4. LNG up 7.64% in the third quarter

In the third quarter of 2020, the domestic LNG market bottomed up and recovered. According to the data monitored by SunSirs, the mainstream average price of domestic LNG was 2,443 RMB/ ton on July 1, and 2,630 RMB/ ton on September 30, with an increase of 187 RMB or 7.64%.

5. LNG up 104.06% in the fourth quarter

In the fourth quarter of 2020, the price of domestic LNG market rose sharply. According to the data monitored by SunSirs, the mainstream average price of domestic LNG was 2,630 RMB/ ton on October 1, and 5,367 RMB/ ton on December 11, with an increase of 2,737 RMB or 104.06%

6. Up 43.22% in a single month

In October 2020, the domestic LNG market price rose from 2,630 RMB/ ton on October 1 to 3,766 RMB/ ton on October 31, with an increase of 1,136 RMB/ ton, the biggest monthly increase in 2020, with an increase of 43.22%.

7. The biggest drop in a single month was 17.45%

In January 2020, the price of domestic LNG market dropped from 3,743 RMB/ ton on January 1 to 3,090 RMB/ ton on January 31, which was the biggest monthly drop. The quoted price dropped 653 RMB, or 17.45%.

8. In 2020, the highest price difference of domestic LNG was 3,016 RMB/ ton

In 2020, the lowest price of domestic LNG price appeared in early September, with the lowest price of 2,350 RMB/ ton and the commanding high of 5366 RMB/ ton in December. Compared with the lowest price, the highest price difference of LNG price in the year was 3,016 RMB/ ton.

 

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