SunSirs: The Demand is Weak, China LNG Market Fell (May 13-17)
May 20 2024 11:15:10 SunSirs (Selena)
According to the commodity market analysis system of shanghaishe, the domestic LNG price fell this week. As of May 17, the average price of domestic LNG was 4,330 RMB / ton, which was 3.69% lower than the average price of 4,496 RMB / ton on May 13.
Last week, the domestic LNG price stopped rising and fell, and the overall trend was weak. At present, the upstream inventory is under pressure, and there are many heavy vehicles in the market. The enthusiasm for replenishment in the downstream is weakened, and the purchase is mainly on demand. The terminal demand is poor, there is a mentality of resistance to high prices, and the market trading is flat. In the case of weak demand, the price of LNG fell centrally.
According to the LNG analyst of SunSirs, the domestic LNG market has continued to decline recently. At present, there is no good news in the market, and the market is mainly bearish. It is expected that the domestic LNG price will still have a downward trend in the short term.
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