SunSirs: China Domestic LNG market first Suppressed and then Rose (March 11-15)
March 19 2024 10:42:43 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the domestic LNG prices dropped significantly last week. As of March 15th, the average price of LNG in China was 3,970 yuan/ton, which is 2.60% lower than the average price of 4,076 yuan/ton on March 11th.
Last week, the domestic LNG market first fell and then rose. Last week, the domestic temperature rebounded, and market demand was limited. The market supply was mainly oversupply, and liquid prices continued to decline from Monday to Thursday. A new round of raw gas bidding is about to start on Friday, and the market is mainly cautious and wait-and-see. The price increase of imported gas is favorable for the domestic gas market, and the liquid price has stopped falling and risen.
LNG analysts from SunSirs believe that domestic LNG prices have stopped falling and risen recently. A new round of bidding for raw gas will be launched, with market observation as the main focus. Expected short-term consolidation of domestic LNG prices.
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- 2024-04-08 SunSirs: China Domestic LNG Market first Suppressed and then Rose (April 1-7)
- 2024-03-27 SunSirs: China Domestic LNG Market has Stopped Rising and Fallen (March 18-25)
- 2024-03-21 SunSirs: Daily Report of China Commodity Data (March 21, 2024)
