SunSirs: Shipments Turned Light, China LNG Fell more than 7% in a Single Day

　　According to the data monitoring of SunSirs: on August 3, the average price of domestic LNG was 5,076.67 yuan / ton, down 7.3% from the previous day, up 35.38% month on month, up 106.09% compared with the same period last year.

　　In early August, the domestic LNG price continued to rise. On August 3, the continuous rise mode was interrupted, and the one-day price decline was 7.3%. Many places such as Inner Mongolia, Shaanxi, Shanxi and Ningxia reduced the price. Some liquid plants adjusted the price twice, and the price quickly fell back below 5,000 yuan / ton. The market was green in a large area, while the imported gas fluctuated little, and continued to rise slightly. At present, it is still in the off-season, and the domestic liquid price has more than doubled year-on-year. It is difficult to follow up the downstream demand, and the market trading atmosphere has gradually weakened. There is a certain pressure on the sales of the liquid plant, so the price reduction and shipment are looking for good. In the first ten days of August, the feed gas price rose, and there was still support on the cost side, so the downward space of liquid price was limited. At present, 4,980-5,650 yuan / ton in Inner Mongolia, 4,840-5,200 yuan / ton in Shaanxi, 4,920-5,500 yuan / ton in Shanxi, 5,100-5,120 yuan / ton in Ningxia, 5,000-5,550 yuan / ton in Henan and 5,750-5,800 yuan / ton in Shandong. The price of imported LNG is about 4,400-5,900 yuan / ton, the domestic LNG price is down, and the imported LNG price continues to rise.

　　SunSirs LNG analyst believes that: at present, it is difficult to follow up the downstream demand, the market trading atmosphere has gradually weakened, there is a certain pressure on the sales of liquid plants, and the price reduction and shipment are looking for good. It is expected that there are still downward expectations in the domestic LNG market in the short term, but the feed gas price rose in early August, and the cost side supports the LNG price, which is not easy to fall deeply.