Price trend
| POLYVINYL ALCOHOL |
According to the data monitoring of the business community, as of December 2, the average price of domestic LNG was 5010 yuan/ton, which was higher than the average price of 4022 yuan/ton on November 28. The domestic LNG price rose by 24.56% this week.
Mainstream market
As of December 2, the offer of LNG in domestic mainstream market:
Region,. Quote
Inner Mongolia,. 4850-5300
In Shaanxi,. 4800-5450
Shanxi,. 4700-5500
Ningxia,. 5100-5150
Hebei,. 5200-5600
Henan,. 5500-5800
Sichuan,. 5300-5600
Shandong,. 5950-6000
Cost side
On November 29, PetroChina (from December 1 to December 7) bid for feed gas, and the final transaction price was 2.58-2.64 yuan/m3. The amount of feed gas delivered was all traded, and there was no auction. Due to the rise of raw material prices, the liquid factory quickly raised the prices, and the price mentality was high.
| PVA 1788 (PVA BP17) |
Supply side
The domestic LNG market is well supplied, the liquid plants are actively reducing their stocks, and the over-the-counter trading is improving. Due to snowfall weather and epidemic control in some areas, transportation is blocked and supply is affected.
Demand side
This week, domestic cold air hit, cold wave and cooling weather occurred frequently, LNG demand increased, and downstream replenishment increased. Due to the rising market demand, the price of LNG continued to rise.
Future market forecast
Liquefied natural gas analysts from the business community believe that the cost of the liquid plant has increased recently due to the rise in feed gas prices. The domestic weather is cooling, and the demand for natural gas is getting warmer. The price of liquefied natural gas has risen sharply. The cold wave in some areas has weakened due to the greater uncertainty of weather. It is expected that the rise of LNG will weaken in the short term, but there is still room for growth. It is recommended to operate cautiously.
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