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SunSirs: Domestic LNG Market Prices Rose in July
July 29 2022 10:13:30SunSirs(John)

Price trend

According to the data monitoring of SunSirs: on July 28, the average price of domestic LNG was 5,992 RMB/ton, an increase of 2.22% compared with the price of 5,862 RMB/ton at the beginning of the month, and an increase of 20.16% compared with the same period last year.

Analysis review

In July, the domestic LNG market price rose, up 2.22% in the month, and the focus was raised. In the first half of July, domestic LNG market prices were mixed. The LNG market was weak and end-use demand was sluggish. Manufacturers mostly cut prices, and the market had a strong bearish atmosphere. LNG fell 1.09% in the first half of July. In the second half of July, LNG started to rise continuously. The bidding price of raw gas was raised, which was a favorable support for liquefied natural gas. The continuous rise of foreign LNG had also led to the continuous increase of domestic LNG. Under the mentality of buying up and not buying down in the downstream, the willingness to replenish natural gas increased The long-haul pipeline of natural gas in western Inner Mongolia is about to be overhauled, and the supply of liquefied natural gas plants will be reduced, which will benefit the shipments in the surrounding areas. The hot weather in summer increases the demand for gas-fired power generation, and the liquefied natural gas market is strong. Near the end of the month, the price of liquefied natural gas fell and fell, the market was oversupplied, and the price of liquefied natural gas at a high level was loose. LNG rose 3.35% in the second half of July. As of July 28, the price of LNG in Inner Mongolia was 5,930-6,150 RMB/ton, the price of LNG in Shaanxi was 5,950-6,150 RMB/ton, the price of LNG in Shanxi was 5,950-6,280 RMB/ton, the price of LNG in Ningxia was 5,950-5,980 RMB/ton, the price of LNG in Hebei was 6,350-6,450 RMB/ton, and the price of LNG in Henan was 6,300-6,750 RMB/ton..

According to the weekly rise and fall from May 2, 2022 to July 24, 2022, it can be seen that the domestic LNG cycle rose and fell, and fell more. The largest increase was 5.31% in the week of July 18, and the largest decline was -7.62% in the week of June 20.

Market outlook

The LNG analyst of SunSirs believes that the LNG market was mixed in July, and the overall trend was upward. At the end of the month, the market fell and the trend declined. Recently, terminal demand has decreased, and domestic liquid prices have begun to make up for the decline. Liquid factories in mainstream areas have begun to cut prices. It is expected that the domestic LNG price trend will be mainly down in the short term.

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

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