SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: China LNG Rose steadily (September 7-11)

September 16 2020 07:35:45     SunSirs (Selena)

According to the data of SunSirs, on September 11, the average price of domestic LNG was 2,430 RMB/ ton, up 0.43% compared with the beginning of the week, 1.94% lower than the beginning of the month, 4.45% month on month, and 21.42% lower than the same period last year.

Analysis of Influencing Factors

Last week, the price trend of domestic LNG was relatively strong, and some regions went up slightly. Recently, the market has been relatively stable. Some LNG factories' shipment situation has improved, the pressure has been reduced, and the liquid price has increased slightly. Among them, Shanxi, Sichuan, Ningxia and other places have adjusted their prices more actively, while other regions have remained stable. In terms of the receiving station, the performance was stable with little fluctuation. At present, the downstream demand is stable, and the market trading is not warm. With the resumption of production of maintenance enterprises, the market supply is more and more abundant, the situation of supply exceeding demand is still the same, and there is little room for upward market price. Although there are price fluctuations in some regions, the overall market is gradually stabilizing. It is expected that consolidation will be the main trend in the short term.

In terms of supply and demand, the overall operating rate was above 60% last week, and the maintenance season came to the end. With the resumption of production and sales of Hubei Huanggang and Inner Mongolia Paisi liquid plants, the overall market operating rate will continue to increase. Recently, the arrival of the ship is more intensive, and the market supply is still abundant. China imported 9.362 million tons of natural gas in August, up 2.015 million tons month on month (MOM), up 27.4%, according to the General Administration of customs. In terms of demand, the demand for vehicles has recovered, the sales volume of gas stations has increased, the performance of industrial gas consumption is average, the overall market demand has not changed significantly, and the market trend still needs time to verify.

According to the data monitoring of SunSirs, as of September 11, the average price of domestic LNG was 2,430 RMB/ ton, that of Inner Mongolia was around 2,390 RMB/ ton, that of Shaanxi was 2,470 RMB/ ton, that of Shanxi was 2,590 RMB/ ton, that of Xinjiang was 2,330 RMB/ ton, and that of Ningxia was 2,370 RMB/ ton.

Market Forecast

SunSirs LNG analysts believe that: in September, downstream demand has improved, some LNG plants have a good shipping atmosphere, and prices have risen slightly. However, the preliminary maintenance enterprises are coming back to production one after another. The market supply is increasing, and there is little room for the LNG price to rise. The market as a whole is gradually stabilizing. It is expected that LNG price consolidation will be the main trend in the short term, with small fluctuations in some regions.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

Energy
Chemical
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products