According to data from the National Bureau of Statistics, in December, the LNG production of industrial enterprises above designated size was 23 billion cubic meters, a year-on-year increase of 5.1%; The daily output is 740 million cubic meters. From January to December, the LNG production of industrial enterprises above designated size was 261.9 billion cubic meters, a year-on-year increase of 6.2%.
The article data shows that China's LNG production in December increased by 5.1% year-on-year, with a year-on-year growth of 6.2% for the whole year, indicating a significant increase in supply. This will exert downward pressure on the spot price of LNG, as the market supply is abundant and may suppress the purchasing enthusiasm of spot demand side. At the same time, combined with the futures market situation, LNG futures contracts have recently been affected by supply increments, and the trend of price pressure has strengthened. It is expected that short-term futures prices will continue to be weak.
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