Qingneng Consulting: Post-holiday demand gradually recovers, domestic LNG prices stabilize with slight increases

People’s Finance News, April 8—According to a report from Qingneng Consulting on April 8, with road traffic resuming after the Qingming holiday which boosted demand for natural gas used in transportation, and with raw gas costs supported strongly, upstream shipments are running smoothly. Domestic inventory is mostly maintained at mid-to-low levels across multiple dimensions, and sentiment among LNG processing plants is relatively bullish. It is expected that, under the combined effects of cost support and upstream quantity control to prop up prices, domestic LNG prices will remain at high levels with short-term volatility. In some regions, prices may continue to rise slightly.

For imports, supported by international spot LNG prices fluctuating at a high level, along with expectations of relatively tight supply, some receiving terminals in East China raised their prices and controlled sales. Today, the import LNG price increased by 50—280 yuan/ton. Other imported resources continue to operate broadly unchanged.