1、 Price trend

According to the data monitoring of the business community, the average price of domestic LNG was 6732 yuan/ton on September 19, and 6488 yuan/ton on September 23. Domestic LNG prices fell 3.62% this week.

2、 Analysis of influencing factors

This week, domestic LNG prices fell back from a high level. On Monday, the price of liquefied natural gas rose, the Central Asia pipeline was still under repair, and the on-site supply decreased. The raw gas auction of Shaanxi Inner Mongolia Ganning Liquor Plant directly supplied by PetroChina was conducted at 14:00 on September 19, with a total auction volume of 30 million m3, and all of them were sold. The transaction price was 4.00-4.02 yuan/m3, and the average price was 0.235 yuan higher than the previous period. The rising trend of LNG continued on Tuesday due to the rising price of feed gas. Due to the continuous rising liquid price at a high level, the downstream pressure is greater, and the demand turns weak. The market was stable on Wednesday. On Thursday, the liquid plants cut prices one after another for the purpose of dumping, and the price of LNG began to fall. As the National Day holiday approaches, the current market is overstocked with heavy vehicles, and the liquid price on Friday drops sharply again. As of September 23, Inner Mongolia offered 6370-6800 yuan/ton, Shaanxi 6530-6950 yuan/ton, Shanxi 6700-7150 yuan/ton, Ningxia 6440-6600 yuan/ton, Hebei 7000-7200 yuan/ton, Henan 7100-7300 yuan/ton, Sichuan 6850-7000 yuan/ton, and Shandong 7450-7550 yuan/ton.

According to the data monitored by the business community, the average price of domestic LNG on September 23 was 6732 yuan/ton, 840 yuan/ton higher than 5892 yuan/ton at the beginning of the month, 13.48% higher, and 4.36% higher than the same period last year.

3、 Future market forecast

LNG analysts from the business community believe that due to the rise in feed gas prices, pipeline maintenance and pre holiday inventory discharge, LNG rose first and then fell this week. At present, the LNG market is weak and the liquid level pressure is high. As the National Day holiday approaches, the expressway will be restricted, and the liquid plants are willing to reduce prices and discharge stocks. It is expected that the price of LNG will continue to fall in the short term.