Price trend
| POLYVINYL ALCOHOL |
According to the data monitoring of the business community, as of December 7, the average price of domestic liquefied natural gas was 7980 yuan/ton, which was higher than the average price of 4900 yuan/ton on December 1. The price of liquefied natural gas increased by 3080 yuan/ton on the seventh day, or 62.86%.
Mainstream market
In the first week of December, domestic LNG prices rose continuously. The price of liquefied natural gas in domestic mainstream regions has risen, and the price of liquefied natural gas in most regions has exceeded the 8000 yuan mark.
Offer of LNG in domestic mainstream market on December 7:
Region./Quote
Inner Mongolia/7500-8150
Shaanxi/7800-8030
Shanxi Province/6900-8100
Ningxia/7500-8100
Hebei/6800-8300
Henan Province/7250-8100
Shandong/7700-8600
Cost side
At 14:00 p.m. on December 6, PetroChina supplied feed gas to Northwest Fluid Plant (December 8-14) for auction. The transaction price was 5-5.1 yuan/m3, the low price was 2.42 yuan/m3 higher than that of the previous period, and the high price was 2.46 yuan/m3 higher than that of the previous period. The transaction volume was 21 million m3, 14 million m3 lower than that of the previous period, and there was no auction. The price of feed gas rose sharply, and the amount of feed gas dropped. Driven by the cost, the price of domestic liquefied natural gas soared rapidly, and the price of liquid plants around the country increased many times. On December 6, the daily increase exceeded 1000 yuan.
| PVA 1788 (PVA BP17) |
Supply side
At present, the supply of liquefied natural gas in the domestic market is reduced, and some liquid plants are stopped due to gas restriction. In addition, the supply of feed gas is reduced, so the liquid plants have a strong attitude of price fixing. In the case of tight supply side, the transaction price in domestic mainstream regions has risen significantly, and the liquor factory has a strong attitude of price fixing. The domestic gas continued to rise, the sea gas shipment improved, and the sea gas price also continued to rise.
Demand side
In recent days, the domestic temperature continues to drop, the cooling stimulates the increase of gas demand, and the on-site replenishment increases. In addition, the control of epidemic situation in many places has been lifted to ensure smooth shipment. The traders’ hoarding mentality has increased, and the market is mainly bullish.
Future market forecast
Liquefied natural gas analysts from the business community believe that the price of feed gas has risen sharply recently, and the cost of the liquid plant has increased. The supply of liquefied natural gas in the field was reduced, and the cooling led to a small increase in downstream demand. Under the multiple favorable conditions, the domestic LNG market rose sharply. It is expected that the price of LNG will continue to rise in the short term, but it has been rising for several days. It is recommended to operate cautiously.
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