1、 Price trend

According to the data monitoring of Business News Agency: on April 23, the average price of domestic LNG was 3083.33 yuan / ton, down 6.94% compared with the beginning of this week, down 15.53% compared with the beginning of this month, and up 2.78% compared with the same period last year.

2、 Analysis of influencing factors

This week, the domestic LNG market continued to decline, with a decline rate of 6.94%. The liquid prices of Shaanxi, Inner Mongolia, Ningxia and other places fell in a wide range. Near the weekend, Shanxi, Henan and other places pushed up slightly, and the market showed a mixed situation of rise and fall, but the overall trend was still downward, with the liquid prices mostly around 3000 yuan / ton. In the off-season, the market demand is limited, and the downstream stock increases before the festival, but the boost is insufficient. Near the May Day holiday, the logistics may be limited, and the liquid plant will continue to reduce the price and arrange the warehouse operation. The profits will shrink seriously, the production will lose money, the operation space of traders is not big, and the industry has a strong bearish mentality. At present, the feed gas is reduced to 1.88 yuan / m3, which reduces the price pressure of liquid plants. However, with sufficient domestic supply and limited demand, low-cost imported gas continues to compete for the domestic market. There is a certain pressure on liquid plants to ship. Some low-end liquid prices are driven up by stop loss mentality, and the rebound of imported gas drives the price of peripheral liquid plants up, but it is difficult to form an obvious turning point, and the market is still weak.

On April 23, the domestic liquefied natural gas market continued to decline, and the range slowed down. The price of 3000-3200 yuan / ton in Inner Mongolia, 3050-3200 yuan / ton in Shaanxi, 3150-3250 yuan / ton in Shanxi, 3100-3190 yuan / ton in Ningxia, 3350-3500 yuan / ton in Henan, and 3100-3300 yuan / ton in Hebei rebounded, The price of liquid varies from place to place, but declines as a whole.

region Specifications April 23rd April 19th Up and down

Inner Mongolia liquified natural gas 3000-3200 3130-3350 Down 130-350

Shaanxi liquified natural gas 3050-3200 3220-3350 Down 170-300

Shanxi liquified natural gas 3150-3250 3030-3300 Down 50-150

Ningxia liquified natural gas 3100-3190 3250-3300 Down 150-200

Henan Province liquified natural gas 3350-3500 3100-3450 Up 50-100

Hebei liquified natural gas 3100-3300 3070-3450 Down 150-350

Downstream products are mixed:

Methanol. On April 23, the reference price of methanol was 2510 yuan / ton, up 2.87% from the beginning of the week. The mainstream negotiation of methanol market in central Shandong fell to 2360-2380 yuan / ton, which was delivered by cash. Shandong methanol Lubei market reference price fell to 2380-290 yuan / ton, spot delivery. The methanol market in southern Shandong negotiated to 2380-2400 yuan / ton in cash. Linyi received the local goods to negotiate the price to 2370-2390 yuan / ton and sent them to cash exchange. The logistics goods offer price is not available for the time being. The downstream reception is limited and the atmosphere is general.

Urea, April 23, Shandong urea market rose, urea reference price was 2166.67, up 1.56% compared with the beginning of the week, upstream liquid ammonia market has a rising trend in the near future, cost support is good. In the aspect of demand, agricultural demand is mainly sporadic procurement; The start-up load of downstream compound fertilizer and rubber sheet plants increased slightly, and most of them followed the market. Supply side: at present, urea plant maintenance, supply side tightening. The operating rate of urea enterprises is about 70%, which has decreased, and the daily output has dropped to below 150000 tons. In the future, urea supply is slightly insufficient, but the demand is rising. Short term urea market is expected to rise slightly.

Dichloromethane, on April 23, the market of methane chloride in Shandong area was temporarily stable, and the quotation of manufacturers was basically stable. The main factory quotation of dichloromethane was about 3400-3470 yuan / ton, and the main factory quotation of trichloromethane was about 3940-4100 yuan / ton. The shipment of trichloromethane was smooth, and the inquiry of dichloromethane was slightly reduced.. At present, there is little pressure on the supply side, but the performance of cost and demand is weak. It is expected that the price of dichloromethane will be weak in the future.

3、 Future forecast

According to the LNG analysts of business news agency, at present, the domestic supply is sufficient and the market demand is limited in the off-season. Low price imported gas continues to compete for the domestic market. Before the festival, the liquid plants continue to reduce the price and drain the stock. The price continues to decline. Due to the stop loss mentality in some areas and the rebound of imported gas in the surrounding areas, the willingness to support the market is strong, but the bad news is intertwined, It is expected that there will be no obvious turning point in the market of liquefied natural gas, which is still dominated by low volatility,