In September, the overall trend of gas market was weak. According to the data monitoring of SunSirs, the LPG market showed a continuous downward trend in September. On September 1, the average price of domestic LPG market was 3,200.00 RMB/ ton, and on September 24, the average price was 2,876.67 RMB/ ton, a decrease of 10.10% in the month and a decrease of 24.30% compared with the same period last year. On September 1, the average price of domestic natural gas market was 2,406.67 RMB/ ton, and the average price on September 24 was 2,406.67 RMB/ ton. The price was flat at the end of the month compared with the beginning of the month, with the largest earthquake amplitude of 2.35%, and the price fell by 15.95% compared with the same period last year.
In mid September, the natural gas market ushered in an upward trend. Until September 24, the average market price had returned to the level before the fall at the beginning of the month. After mid September, the LNG factory adjusted the quotation in a narrow range according to its own delivery situation, among which Shaanxi, Ningxia, Inner Mongolia and other places have a strong atmosphere of adjustment, but the increase is not big. After continuous price reduction in the early stage, the current inventory pressure is not big, the shipment situation has been improved, the superimposed weather turns cool, the bad factors in the demand off-season gradually fade, the market trading is stable, and the market stops falling and rising. However, due to the abundant market supply, the LNG price has been restrained and there is no significant increase.
The trend of LPG civil market is not as optimistic as that of LNG. In September, the focus of civil gas market shifted downward, and the range was more obvious. Due to the continuous weak decline of international crude oil, the news brought obvious pressure on the LPG market. With the arrival of autumn, the temperature gradually drops, the weather turns cool, and the terminal demand is expected to increase. However, due to the market status, the terminal consumption is still weak, most of the downstream purchasing capacity is insufficient, and the manufacturers' shipment is not good. In the LPG market supply changes little, the production is more adequate, it is difficult to change the decline. Manufacturers' inventory pressure gradually increased. Continuously reduce the price and give priority to shipment. The prices of some manufacturers have fallen below 3,000 RMB/ ton.
According to the data, the average price of both LNG and LPG fell sharply compared with the same period last year. In autumn, the weather has gradually turned cool. However, in September this year, due to the lack of significant improvement in terminal demand, the downstream purchase is more on demand, the market transaction is average, and the current gas market supply exceeds demand.
However, the trend of LNG market is better than that of Civil LPG, which is mainly increased in late September. As the weather turns cool, the effect of negative factors in the off-season is weakening, the market trading is relatively stable, and the shipment in some regions turns smooth, and the price rises. However, due to the uncertain trend of international crude oil price, the domestic LPG market has limited support. September will soon pass, and the LPG market is still weak. Market supply is sufficient, downstream demand has no obvious change; manufacturers' shipment situation is poor, which brings obvious restraint to the rise. At present, Closing the national day and Mid Autumn Festival, the sales season is coming, the market transaction atmosphere may be improved, the weather will continue to cool down, the terminal demand is still expected to improve, and it is expected that the China gas market will still be up in October.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.