1. Price trend

According to the data monitoring of SunSirs, the average price of domestic LNG on August 1 was 6,520 RMB/ ton, and the average price of domestic LNG on August 5 was 6,456 RMB/ ton. The domestic LNG price fell by 0.98% this week.

2. Analysis of influencing factors

Last week, the price of domestic LNG rose first and then fell, with a decline of 0.98% in the week. On Monday, the domestic LNG price rose and the bidding price of feed gas increased, which gave favorable support to LNG. As the cost increases, the domestic LNG price rises. The domestic LNG price began to fall on Tuesday and continued to fall until Friday. Due to the continuous rise of the LNG price, there is resistance in the downstream, and the demand side is greatly reduced, and the LNG price begins to fall. The bearish sentiment in the market increased, and the LNG factory reduced the price for most of the shipments. As of August 5, the price of Inner Mongolia was 6,400-6,800 RMB/ ton, that of Shaanxi was 6,300-6,800 RMB/ ton, that of Shanxi was 6,450-6,600 RMB/ ton, that of Ningxia was 6,450-6,500 RMB/ ton, that of Hebei was 6,600-6,800 RMB/ ton, that of Henan was 6,500-6,900 RMB/ ton, that of Sichuan was 6,500-6,700 RMB/ ton, and that of Shandong was 6,780-6,950 RMB/ ton.

3. Market forecast

According to SunSirs LNG analyst, the trend of the LNG market last week was concentrated and the decline on last Friday was postponed, and some regions had rebounded. At present, the cost side is strongly supported, and the demand side is waiting to be released. It is expected that the LNG price will fluctuate slightly in the short term in China, mainly for consolidation and operation.

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