SunSirs: Domestic LNG Market Prices Fell on June 9
June 10 2022 10:16:20 SunSirs (John)
Price trend
On June 9, the average price of domestic LNG was 6,326 RMB/ton, down 0.88% from the previous day and up 75.72% from the same period last year.
Analysis review
At the time of the raw gas auction, the domestic LNG market did not fluctuate much, and the overall situation stabilized, and industry players were waiting to see the auction results. The final price of the auction was 3.8-3.9 RMB/cubic meter, the average price was down 0.33 RMB/cubic meter compared with the previous period, and the transaction volume was 30 million cubic meters.
Market outlook
The price of raw gas has been lowered, and the price adjustment flexibility of LNG plants has increased. It is expected that LNG will continue to decline in the short term.
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