SunSirs--China Commodity Data Group

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Commodity News

SunSirs: Energy, Views on the Rise and Fall of LNG on December 30

December 31 2019 17:27:06     SunSirs (Selena)

Commodity name: Liquefied Natural Gas (LNG)

Latest price (December 30): 3,743.33 RMB/ ton

Key points of analysis: PetroChina bid again on December 27, with the final transaction price of 1.57-1.6 RMB/ m3, including 1.95 million cubic meters of LNG, and the reduction of raw material price, which reduces the pressure of upstream price reduction and gives a little respite. However, the situation of oversupply is hard to change. The domestic LNG market is still declining, and the overall market is weak.

Market Forecast: in the short term, LNG market prices will continue to decline.

 

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