1、 Price trend
According to the data monitoring of the business community, the average price of domestic LNG was 6006 yuan/ton on October 26, and 5380 yuan/ton on November 2. Domestic LNG prices fell 10.42% within seven days.
2、 Market analysis
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 yuan/m3, the average price was 0.24 yuan/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.
Offer of LNG in domestic mainstream market on November 2:
Region, quotation
Inner Mongolia 5250-5660
Shaanxi, 5700-6000
Shanxi Province, 5300-5800
Ningxia, 5550-5760
Hebei.,. 5950-6050
Henan, 6100-6500
Sichuan, 6100-6500
Shandong, 6330-6450
3、 Future market forecast
LNG analysts from the business community 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 the LNG market will stop falling and consolidate in the short term.
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