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SunSirs: Domestic LNG Prices Fell on May 18
May 19 2022 14:20:34SunSirs(John)

Price trend

On May 18, the average domestic LNG market price was 6,872 RMB/ton, down 0.52% from the previous day and up 85.73% year-on-year.

Analysis review

At present, the market supply is abundant, the demand in the off-season is weakened, the downstream users' purchasing ability is average, and the price of imported gas has been lowered, which has driven the domestic liquid price to stabilize and weaken. The market's wait-and-see sentiment has risen, and the actual transaction is mainly based on negotiation.

Market outlook

It is expected that the domestic liquefied natural gas market will be stable and down in the short term.

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