According to the data monitoring of SunSirs, the average price of domestic LNG on March 29 was 3,593.33 RMB/ ton, up 2.56% from the previous day (March 26), 27.14% from the beginning of the month, and 10.3% from the same period last year.
On March 29, the domestic LNG market rose, and the LNG prices in Shaanxi, Ningxia, Inner Mongolia and other places rose actively, with the increase range of 50-200 RMB/ ton. The rise was mainly due to the support of cost side, large downstream demand and low operation of local manufacturers' devices, which jointly boosted the rise of LNG. Near the Qingming Festival holiday, the demand of downstream increased before the festival, the transaction atmosphere improved, the shipment of LNG plants turned smooth, and the price rose. At present, the contradiction between supply and demand is not obvious, but the low price of imported LNG impacts the domestic market, and the future demand turns to be weak, so the rising market is difficult to last.
On March 29, domestic LNG was generally up, with mixed ups and downs in some areas. It is 3,600-3,800 RMB/ ton in Inner Mongolia, 3,580-3,800 RMB/ ton in Shaanxi, 3,650-3,800 RMB/ ton in Shanxi, 3,800-3,900 RMB/ ton in Ningxia, 3,750-3,900 RMB/ ton in Henan and 3,580-3,700 RMB/ ton in Hebei.
Last week, the domestic methanol market was stable. On March 29, the reference price of liquid ammonia was 3,903.33 RMB/ ton, up 16.17% compared with March 1 (3,360.00 RMB/ ton). Urea, Shandong urea market rose on March 29.
SunSirs LNG analysts believe that: at present, the price rise of gas source has boosted the market sentiment, superimposed the downstream replenishment before the festival, the low operation of local manufacturers' devices and good profits, and jointly boosted the rise of liquid price. It is expected that the price of domestic LNG will rise steadily in the short term, but the low price will impact the domestic market, and the demand in the off-season will be contained, so there is room for this rise Limited, the future may continue to be weak.
