LNG: Domestic demand weakens, prices fall at high levels

On March 10, the national average delivery price of liquefied natural gas (LNG) was 8752.

"With the recent rise in temperature, the demand for urban fuel storage has decreased, and the domestic LNG demand has weakened

Domestic LNG is mainly used for urban fuel supply and storage, as well as in the fields of transportation and industrial point supply

"According to the market rules in previous years, as the temperature rises after the Spring Festival, the domestic LNG price will enter a natural correction period

However, with the rise in temperature in March, the demand for urban fuel replenishment has decreased, and the national average LNG price has been in a downward trend as a whole

In the case of the decline in the demand for urban fuel storage, the domestic LNG demand has turned to the supply of transportation and industrial points

"In terms of transportation, the current price of LNG as a fuel for automobiles is 8,000-9,000 yuan, which is about twice the regular price in previous years

In terms of industrial point supply, users are relatively sensitive to LNG prices, on the one hand, because pipeline gas and LNG compete in the industrial point supply market

　　Zhai Cuiping, an LNG analyst at Zhongyu Information, said that the LNG price was too high in the early stage.

　　It is worth noting that the recent increase in international natural gas prices has limited impact on the domestic LNG market

　　"But if oil prices remain at the current high level or even higher, the long-term import costs will also be passed on in a few months