1. Price trend

According to the data monitoring of business news agency, the average price of domestic liquefied natural gas on May 24 was 3463.33 RMB/ton, down 10.28% from May 17, up 12.32% month on month, and up 32.36% from the same period last year.

2. Analysis of influencing factors

The price of liquefied natural gas rose strongly in the early stage and rose in a straight line. Recently, the market temperature dropped significantly, and the price continued to decline, with a 7-day decline of about 10%. Digesting the early-stage rise, it can be said that the rising trend came fast and went fast. On May 24, the price continued to weaken, with a one-day decline of 2.9% to about 3500 RMB/ton. The "high fever" receded, returning to the normal development of price weakness in the off-season. At present, under the guidance of macro policies, the prices of several commodities are down, including the liquefied natural gas market, and the atmosphere of high price transaction is general, In the off-season, the prices of Inner Mongolia, Shaanxi, Shanxi, Ningxia and other regions fell in a large area, hovering near the cost line. The manufacturers had a strong desire to support the market out of the stop loss mentality, and the decline had slowed down. Some liquid plants tried to rise slightly, but the fluctuation was limited. The market as a whole showed a mixed situation of rise and fall, and the market was still weak. On May 24, the price of domestic LNG market continued to fall, with 3400-3600 RMB/Ton in Inner Mongolia, 3450-3560 RMB/Ton in Shaanxi, 3450-3650 RMB/Ton in Shanxi, 3450-3490 RMB/Ton in Ningxia, 3700-3850 RMB/Ton in Henan and 3540-3700 RMB/Ton in Hebei. The price of liquefied natural gas in various regions decreased significantly.

Downstream products rose more than fell less:

Methanol, on May 24, methanol fell, and the factory quotation of southern Shandong enterprises was reduced by 90 RMB to 2570 RMB/Ton. Linyi local delivery offer 2540-2560 RMB/Ton, downstream just need to purchase, industry more wait and see. The ex-factory quotation of enterprises in the Middle East of Shandong Province was reduced by 80 RMB, around 2720-2800 RMB/Ton; Dongying, Zibo, and other surrounding market traders temporarily stay on the sidelines, focusing on the price dynamics in Northwest China.

Urea, May 24, Shandong urea market rose, the reference price is 2330 RMB/Ton, demand: agricultural demand has risen; Affected by the mentality of buying up but not buying down, the downstream compound fertilizer and rubber sheet factories took goods actively, and the new orders of enterprises followed up well. Supply-side: part of the urea enterprise equipment stop maintenance, supply-side tightening. Enterprise price mentality is strong.

Dichloromethane, on May 24, the market of methane chloride in Shandong was sorted out, and the quotation of manufacturers was adjusted. The main factory quotation of dichloromethane was about 4150 - 4230 RMB/Ton, and the main factory quotation of trichloromethane was about 4170 - 4250 RMB/Ton. A small number of downstream inquiries were received.

3. Future forecast

Liquefied natural gas analysts of SunSirs believe that: Recently, the market has cooled down, the early upsurge has retreated, gradually returning to rationality, the price has fallen rapidly, hovering near the coast line, the manufacturers have a strong desire to support the market out of stop-loss psychology, and the price has risen slightly. It is expected that the price will rebound slightly in the short term.

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