SunSirs: Domestic LNG Gas Prices Stopped Falling and Rose (April 10-14)
April 18 2023 14:02:18 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 14th, the average price of LNG gas in China was 4,250 RMB/ton, which was a 5.46% increase compared to the average price of 4,030 RMB/ton on April 10th.
Analysis review
Domestic LNG gas prices continued to rise this week. After a continuous decline in domestic LNG gas in the early stage, it was at a low level. This week, downstream replenishment demand increased, and LNG gas prices stopped falling and rose. There was no pressure on market inventory, and the trading atmosphere was good. The willingness of LNG gas plants to increase prices was strong, and the market was bullish. On Friday, the upward trend was temporarily postponed, and the market's wait-and-see sentiment increased, and trading began to weaken.
Market outlook
LNG gas analysts from SunSirs believe that the rising trend of the domestic LNG gas market was postponed after the recent continuous rise of the price, the demand for downstream replenishment had decreased, and the wait-and-see sentiment in the industry began to increase. It is expected that in the short term, the domestic LNG gas prices will be stable and sorted mainly.
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