"Price increase king" LNG wants to break 6000 yuan

The off-season is not short, this is a true portrayal of the natural gas market this year

Another industry insider believes that as the peak consumption season is approaching, the hot LNG market at home and abroad is difficult to change, and the 6,000 yuan mark may soon be able to break through

Demand remains strong

Since the beginning of this year, China's natural gas demand has been strong

"This year, coal mines across the country have limited production, combined with a reduction in Australian coal imports, which has stimulated some coal demand to shift to natural gas.

In addition, it is worth noting that the end of summer and early autumn are the timing of conventional city fuel replenishment, which will become the main driving force for the growth of LNG demand in the third quarter

Zhuo Chuang Information LNG analyst Liang Ying said that there are already a number of gas storage peak shaving projects that have begun gas storage related work

In addition, LNG storage depots in Henan, Hubei and other places have also begun to purchase LNG replenishment, and demand for LNG peak shaving will continue to increase

Supply is stable and declining

　　The supply gap is also a major factor in the increase in natural gas prices

　　From the perspective of supply, statistics show that the cumulative output of domestic natural gas in the first half of the year was 104.

　　Although China's natural gas supply capacity continues to improve and output grows steadily, it only accounts for 57% of China's total natural gas consumption, and it is difficult to meet the rapidly rising natural gas demand

　　"Xinjiang Guanghui Naomao Lake's 2 million cubic meters/day LNG plant was shut down for maintenance on August 11.

　　Internal and external market linkage

　　International LNG spot prices remain high, and imported LNG continues to rise, which also makes it natural for domestic LNG prices to rise

　　International LNG spot prices have been rising continuously since March

　　"Asian spot prices continue to rise due to the higher purchasing interest of Chinese and South Korean buyers.

　　In the short-term, as domestic LNG prices are already slightly higher than imported LNG prices, the economic advantage is no longer, the continued push is not conducive to factory sales, and the epidemic as an uncontrollable factor restricts the market from continuing to rise sharply.