According to the Commodity Market Analysis System of SunSirs, the price of LNG in China rose first and then fell last week. As of July 21, the average price of LNG in China was 4,086 RMB/ton, which is 0.44% higher than the average price of 4,068 RMB/ton on July 17.

Last week, domestic LNG prices rose first and then suppressed. At the beginning of the week, there was an increase in factory inspections, market supply was tight, and cost support was good. Downstream restocking increased, leading to a collective upward trend in domestic liquid prices. On the afternoon of July 19th, PetroChina Northwest Liquid Plant bid for raw gas prices in late July (July 20-31), with a transaction volume of 2.14 to 2.20 RMB/square meter. The low price increased by 0.06 RMB/square meter compared to the previous period, and the high price increased by 0.1 RMB/square meter compared to the previous period. All transactions were completed with an investment volume of 88 million cubic meters. Although the price of raw gas has slightly increased, with the continuous resumption of factory maintenance, market supply has increased, and terminal demand has decreased, liquid prices have been lowered over the weekend.

LNG analysts from SunSirs believe that liquid prices in many domestic regions have started to decline today. The early maintenance factories have gradually resumed production, increasing market supply, coupled with an increase in heavy vehicles in the market, resulting in sluggish downstream demand. It is expected that the domestic LNG prices will weaken and decline in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.