Liquefied Natural Gas Price
31 January 2024According to the Commodity Market Analysis System of Shengyishe, as of January 30th, the average price of liquefied natural gas in China was 5664 yuan/ton, which is 5510 yuan/ton higher than the average price on 1st January. The increase in domestic liquefied natural gas prices was 2.79% this month.
Domestic liquefied natural gas prices first fell and then rose this month. In the earlier of January, domestic liquefied natural gas prices fell down.
After 31th December 2023, there are many heavy vehicles in the market, and downstream delivery capacity is limited.The environmental protection control has been strengthened in some regions, industrial demand has weakened, and liquid factories have lowered prices to digest inventory, hindering the upward trend of the market.Market trading is poor, with a strong bearish sentiment. The significant drop in import prices has a negative impact on the domestic market situation.In the end of January, domestic liquefied natural gas prices increased.
Affected by the cooling weather in many areas of China, the demand for downstream replenishment has increased, leading to a significant increase in market prices and a continuous rise in liquid prices.On the 30th, January, during the first week of February (from January 31st to February 7th), the bidding price for raw gas at PetroChina Northwest Liquid Plant was 2.88 yuan/cubic meter, which remained unchanged from the previous low price.The high price was reduced by 0.01 yuan/cubic meter, with 66.3 million cubic meters sold and 900000 cubic meters unsold.
According to the weekly K-bar chart from October 30th, 2023 to January 22th, 2024, it can be seen that domestic liquefied natural gas prices fluctuated in January. The maximum increase in January was 12.13% in the week of January 22, and the maximum decrease in January was -8.32% in the week of January 15th.
5550-5800 RMB/ton in Inner Mongolia region
5550-5700 RMB/ton in Shaanxi region
5050-5800 RMB/ton in Shanxi region
5700-6000 RMB/ton in Ningxia region
4800-5000 RMB/ton in Hebei region
5300-5900 RMB/ton in Henan region
4950-5080 RMB/ton in Sichuan region
4800-4850 RMB/ton in Jilin region
5450-5500 RMB/ton in Shandong region
Future Market Forecast:
Liquefied natural gas analysts from Business Society believe that in recent days, the domestic weather has cooled significantly, and liquid prices have continued to rise. It is expected that snowfall in Northeast China is approaching today, and the bidding price of raw gas will be slightly adjusted today. It is expected that there is still room for domestic liquefied natural gas prices to rise, with limited growth.
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