Price trend

According to the data monitoring of SunSirs, as of January 31, the average price of domestic LNG was 6,104 RMB/ton, compared with the average price of 6,176 RMB/ton on January 1, the price of domestic LNG fell by 1.17% this month.

According to the weekly increase and decrease from November 7, 2022 to January 29, 2023, domestic LNG fell a lot in January, with the largest decrease in January being - 15.11% in the week of January 9 and the largest increase in January being 8.56% in the week of January 23.

Analysis review

Domestic LNG prices rose in the first ten days of January. After the New Year's Day, the high-speed restriction on dangerous chemical vehicles was lifted, and the LNG plant shipments were smooth, and the domestic LNG rose with the trend. Downstream replenishment demand increased, and intra-market trading was better.

In mid-January, the price of domestic LNG dropped sharply. Downstream demand was weakened before the Spring Festival, and the industry was mostly stable and wait-and-see. The domestic rainy and snowy weather hit, the transportation was blocked, the market de-stocking mentality increased, and LNG began to decline.

The domestic LNG market price rose in late January. After the Spring Festival, the traffic resumed smoothly, enterprises resumed production in succession, the demand for downstream replenishment increased, and the price of LNG rose rapidly. The import of LNG was relatively stable, mainly wait-and-see.

Market outlook

LNG analysts of SunSirs believe that the domestic market for LNG has risen recently. After the price of LNG has continued to rise, the demand for downstream replenishment has weakened, and the intra-market trading has begun to weaken. It is expected that in the short term, the market price of LNG will be mainly adjusted and operated.

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