SunSirs: Domestic LNG Market Rose Steadily (June 24-30)
July 01 2022 09:11:58 SunSirs (John)
Price trend
According to the data monitoring of SunSirs, the average domestic LNG price was 5,820 RMB/ton on June 24, and the average domestic LNG price was 5,886 RMB/ton on June 30. Domestic LNG prices rose 1.13% this week.
Analysis review
The domestic LNG market price rebounded slightly this week, with an increase of 1.13% for the week. At the beginning of the week, the domestic liquid price was mainly stable, and in the middle of the week, it rebounded slightly, and the market price went up and down at the weekend. The market was in a wait-and-see mood, with manufacturers mainly operating to stabilize prices. Downstream demand was slow, and LNG fluctuated slightly.
As of June 30, the price of LNG in Inner Mongolia was 5,750-6,020 RMB/ton, the price of LNG in Shaanxi was 5,810-5,970 RMB/ton, the price of LNG in Shanxi was 5,850-6,000 RMB/ton, the price of LNG in Ningxia was 5,880-6,020 RMB/ton, the LNG price in Hebei was 5,900-6,150 RMB/ton, and the LNG price in Henan was 6,030-6,200 RMB/ton.
Market outlook
The LNG analyst of SunSirs believes that: the current LNG market is mixed, with a slight fluctuation. Although the market rebounded slightly this week, there is limited room for upward adjustment in the off-season of demand. It is expected that LNG prices will run smoothly in the short term.
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