Price trend
On May 23, the average domestic LNG market price was 6,704 RMB/ton, down 1.61% from the previous day and up 87.96% year-on-year.
Analysis review
At present, the supply of LNG in the market is abundant, demand is expected to weaken in the off-season, and downstream users have a general purchasing ability. In addition, the price of imported gas has been lowered, which has impacted the domestic market.
Domestic liquefied natural gas prices fell, the market transaction atmosphere was light, and the actual transaction was mainly negotiated.
Market outlook
It is expected that the domestic LNG market will be stable and down in the short term.
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