Price trend

According to the data monitoring of SunSirs, as of February 28, the average price of domestic LNG was 6,082 RMB/ton, which was 0.13% lower than the average price of 6,090 RMB/ton on February 1.

Analysis review

Domestic LNG prices fell in early February. After the Spring Festival, the market resumed work in an all-round way, the supply in the market increased, the demand for replenishment in the downstream was limited, and the market began to oversupply.

In some parts of the country, due to the rain and snow weather, the traffic was blocked, and the LNG plants reduced the LNG price to sell. Affected by domestic gas, the price of imported gas at some terminals had been significantly reduced.

In the middle of February, the domestic LNG price began to fluctuate and rise. Due to the influence of cold air, the demand for replenishment in the downstream increased. With the increase of feed gas price and the boost of cost, the price of domestic LNG had risen, and the attitude of LNG plants was strong

Market outlook

LNG analysts of SunSirs believe that the price of LNG had fallen slightly after the continuous rise due to the reduction of the bidding price of raw gas recently. As of the end of the month, there was no obvious support on the demand side, and LNG plants were mainly wait-and-see. It is expected that the market price of LNG will be stable and sorted in the short term.

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