SunSirs: Views on the Rise and Fall of Liquefied Natural Gas (LNG) on November 4
November 05 2019 18:01:34 SunSirs (Selena)
Commodity name: liquefied natural gas (LNG)
Latest price (October 30): 3,840 RMB/ ton
Key points: LNG prices have been rising and falling in recent days since the end of Northwest bidding in late October. Due to the limited acceptance capacity of the terminal, the liquid level of LNG plant rises, which is unfavorable for shipment, and the manufacturer bears pressure to reduce the price. At present, the market is in a situation of oversupply. Under the double restriction of the rising cost and the lack of obvious demand boost in the downstream, some LNG plants have the phenomenon of cost hanging upside down, which does not rule out the possibility of further price reduction.
Market forecast: in the short term, the natural gas market will be more consolidated with the market, or will continue to bear pressure to reduce price and make shipment.
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