According to the data monitoring of SunSirs, as of December 7, the average price of domestic LNG was 7,980 RMB/ton, which was higher than the average price of 4,900 RMB/ton on December 1. The price of LNG increased by 3,080 RMB/ton on the seventh day, or 62.86%.

In the first week of December, domestic LNG prices rose continuously. The price of LNG in domestic mainstream regions has risen, and the price of LNG in most regions has exceeded the 8,000 RMB/ton mark.

At 14:00 p.m. on December 6, PetroChina supplied feed gas to Northwest Fluid Plant (December 8-14) for auction. The transaction price was 5-5.1 RMB/ton/m3, the low price was 2.42 RMB/ton/m3 higher than that of the previous period, and the high price was 2.46 RMB/ton/m3 higher than that of the previous period. The transaction volume was 21 million m3, 14 million m3 lower than that of the previous period, and there was no auction. The price of feed gas rose sharply, and the amount of feed gas dropped. Driven by the cost, the price of domestic LNG soared rapidly, and the price of liquid plants around the country increased many times. On December 6, the daily increase exceeded 1,000 RMB/ton.

At present, the supply of LNG in the domestic market is reduced, and some liquid plants are stopped due to gas restriction. In addition, the supply of feed gas is reduced, so the liquid plants have a strong attitude of price fixing. In the case of tight supply side, the transaction price in domestic mainstream regions has risen significantly, and the liquor factory has a strong attitude of price fixing. The domestic gas continued to rise, the sea gas shipment improved, and the sea gas price also continued to rise.

In recent days, the domestic temperature continues to drop, the cooling stimulates the increase of gas demand, and the on-site replenishment increases. In addition, the control of epidemic situation in many places has been lifted to ensure smooth shipment. The traders' hoarding mentality has increased, and the market is mainly bullish.

LNG analysts from SunSirs believe that the price of feed gas has risen sharply recently, and the cost of the liquid plant has increased. The supply of LNG in the field was reduced, and the cooling led to a small increase in downstream demand. Under the multiple favorable conditions, the domestic LNG market rose sharply. It is expected that the price of LNG will continue to rise in the short term, but it has been rising for several days. It is recommended to operate cautiously.

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