According to the data monitoring of SunSirs, the average price of domestic LNG was 6,006 RMB/ ton on October 26, and 5,380 RMB/ ton on November 2. Domestic LNG prices fell 10.42% within seven days.

It can be seen from the weekly rise and fall from August 8, 2022 to October 30, 2022 that the domestic LNG industry has seen a lot of ups and downs during the cycle. The maximum increase in the cycle was 10.25% in the week of September 12, and the maximum decrease was -12.1% in the week of October 24.

The domestic LNG market has been weak in recent seven days, and the price trend has continued to decline. Due to the strengthened control of domestic epidemic situation and the blocked transportation, the price of domestic gas has been greatly reduced. The market demand is low, and the market is mainly bad. The final bid price of feed gas directly supplied by PetroChina to the northwest liquid plant in the first ten days of November was 3.55-3.81 RMB/m3, the average price was 0.24 RMB/m3 higher than the previous period, and the trading volume was 50 million m3. At present, the market trading is still flat, with gains and losses in various regions. As the northern heating season begins, the terminal demand will be released gradually.

SunSirs LNG analysts believe that: due to weak terminal demand, the domestic LNG market has continued to run weak in recent days. With the start of the heating season in the north, the market demand for liquefied natural gas has increased, and there are signs of rebound in some areas, so the market is waiting to rise. In addition, the price of feed gas is firm and the cost is supported. It is expected that China LNG market will stop falling and consolidate in the short term.

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