SunSirs: China Domestic LNG Prices Declined (June 3-7)

https://www.chemnet.com   Jun 11,2024 SunSirs

According to the Commodity Market Analysis System of SunSirs, the domestic LNG prices fell last week. As of June 7th, the average price of LNG in China was 4,304 RMB/ton, which is a decrease of 0.97% compared to the average price of 4,346 RMB/ton on June 3rd.

Last week, the domestic LNG market prices slightly declined. At the beginning of the week, market demand was weak, market supply was sufficient, and prices slightly declined. With the approaching of Loong Boat Festival, the demand for downstream replenishment has increased. With the support of the cost side, the liquid price has stopped falling and stabilized.

LNG analysts from SunSirs believe that the domestic LNG market has been stabilizing recently. At present, there is cost support, and as the Dragon Boat Festival holiday approaches, highways are about to be restricted, and downstream demand will weaken. It is expected that the domestic LNG prices will mainly consolidate in the short term.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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