SunSirs: China Domestic LPG and LNG prices first decreased and then increased (September 11-15)

According to the Commodity Market Analysis System of SunSirs, the domestic LNG prices fell first and then rose last week. As of September 15th, the average price of LNG in China was 4,288 RMB/ton, a decrease of 2.81% compared to the average price of 4,412 RMB/ton on September 11th.

Last week, domestic LNG prices were first suppressed and then increased. On Monday, domestic LNG prices began to decline. The market is dominated by oversupply, with a large number of heavy vehicles and limited downstream delivery capacity, resulting in a continuous decline in liquid prices. On Thursday, LNG prices began to rebound and rise. After continuous price reductions, inventory has been alleviated, and liquid prices have increased in most regions of China, resulting in a strong market trend.

LNG analysts from SunSirs believe that the domestic LNG market has stopped falling and risen recently. The demand for partial replenishment has increased, coupled with cost support, and the market is operating well. It is expected that the short-term domestic LNG prices will mainly rise slightly.

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