1、 Price trend

 

Thiourea

According to the data monitoring of the business community, as of December 29, the average price of domestic LNG was 6060 yuan/ton, which was higher than the average price of 4900 yuan/ton on December 1. The domestic LNG price rose by 23.67% this month.

 

2、 Market analysis

 

It can be seen from the weekly rise and fall from October 3, 2022 to December 25, 2022 that the domestic LNG rose a lot in December, and the maximum decline in December was 23.39% in the week of December 5

 
In December, domestic LNG rose first and then fell. The cost of the liquid plant increased due to the rise of feed gas price. In the first half of December, the price of domestic LNG rose sharply, breaking 8000 yuan/ton. In the second half of December, domestic LNG prices began to decline at a high level. Downstream demand support is weak, and the market continues to fall. Market supply exceeded demand, the bearish sentiment on the floor increased, and the high liquid price began to continue to cover the decline.

 

Mainstream market

 

Offer of LNG in domestic mainstream market on December 29:

 

Region/ offer

Inner Mongolia/ 6000-6300

Shaanxi/ 5700-6400

Shanxi region/ 5900-6450

Ningxia/ 6200-6350

Henan/ 6500-7000

Sichuan/ 5900-6600

Shandong/ 6750-7100

3、 Future market forecast

 

LNG analysts from the business community believe that the domestic LNG market is weak in recent days, with obvious oversupply in the market and lack of good support on the market. Tomorrow’s raw gas auction will increase the wait-and-see mood. It is expected that the market price of LNG will decline mainly in the short term.

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