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SunSirs: Domestic LNG Prices Rose on May 7
May 09 2022 09:20:01SunSirs(John)

Price trend

On May 7, the average domestic LNG market price was 7,302 RMB/ton, an increase of 0.97% from the previous day and a year-on-year increase of 139.41%.

Analysis review

After the holiday, logistics has resumed, and there was a certain demand for replenishment for the downstream. In addition to the maintenance of liquid plants in some areas, the favorable supply and demand pushed the price of liquefied gas in many places in China to increase slightly. The shipment in Henan was still not smooth, the price was weak, and the overall market situation was rising.

Market outlook

It is expected that the domestic LNG market will rise steadily in the short term.

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