From June 6th to 12th, China LNG comprehensive import to the shore price index is 188.69 points

On June 15th, the China LNG Comprehensive Import Price Index jointly released by the Global Trade Monitoring and Analysis Center and Shanghai Petroleum and Natural Gas Trading Center showed that from June 6th to 12th, China LNG comprehensive import to the shore price index was 188.69 ( C.I.F, without taxes, processing fees), rose 2.58%month -on -month and 96.33%year -on -year.

Last week, the price of natural gas in the United States fell straight. The supply side, the total natural gas output of 48 states in the United States remains high. At a level of 96 billion cubic feet a day, although it is the highest value in the same period of previous years, the output has not increased significantly this year. The number of natural gas rigs has not increased significantly. Demand side, due to the continuous high temperature in the southern region, has continued to rise. At the same time, the US LNG export facility is still close to full load operation in the first half of the week, making the overall demand in the United States strong. In terms of inventory, the relatively lagging data released by the US Energy Information Administration (EIA) last Thursday showed that the increase was about 97 billion cubic feet, which was in line with market expectations. However, compared with the same period of the same period in the past five years, the gap between the natural gas inventory exceeds 340 billion cubic feet. In terms of weather, according to the weather forecast released by the National Oceanic and atmosphere (NoAA), the recent temperatures of the southern United States are expected to be higher than the same period of previous years. Power demand is expected to be further improved. It once touched a high level of $ 9.58 per million British heat. However, on Wednesday, a fire broke out on Wednesday, and the production capacity was greatly limited. As soon as the news came out, the price of natural gas in the United States jumped straight. As the damaged evaluation is clear, Freeport is expected to fully restore production capacity at the end of this year, so the price of natural gas dive again this Monday. Under the strong influence of the fundamentals, the price of natural gas in the United States last week remained at a high level, but emergencies also caused greater interference on the market. As of Tuesday, the settlement price of NYMEX's main natural gas contract was $ 7.189 per million British heat.

In Europe, the price of natural gas fluctuated at a high level. The supply side, Norwegian pipeline maintenance, the gas supply capacity has decreased significantly. In addition, the natural gas volume exported to Europe to Europe continues to decline, which has caused the total amount of gas imports in European pipelines to fluctuate at a low level. However, the LNG import facility continues to run high, which makes up for the downlink of pipeline gas imports. The demand side, as the temperature decreases, the demand continues to decline. In terms of inventory, due to the relatively stable supply and the demand gradually decreased, the speed of accumulation has accelerated. According to data from the European Natural Gas Infrastructure Information Platform (GIE), the overall inventory of gas storage in Europe has risen to 52.63%. However, the emergencies of the US export facilities last week are expected to make Europe's future import LNG resources tense. Therefore, TTF jumps, and the market is worried that emotions have strong emotions. As of Tuesday, the settlement price of the main contract was 97.04 euros per MWh (about $ 29.73 per million British heat).

In Northeast Asia, due to the high price of spot price and affected the epidemic in the near future, my country's gas demand is suppressed and the demand for spot is relatively weak. According to the data monitoring of the trading center, the recent imports from importing LNG ships to the shore have declined significantly year -on -year. According to the data released by the China Natural Gas Information Terminal (E-GAS system), the previous day calendar week, the amount of LNG imported from my country was about 1.41 million tons. Although it increased from the previous month, it still declined year-on-year. Recently, there are few spot demand in Northeast Asia, so the spot prices in Northeast Asia have been greatly affected by the peripheral market. Because European gas prices in the main imports of LNG are still relatively high, the price of LNG in Northeast Asia to the shore still maintains the same period of the same period of previous years. Last week, the US export facilities had also pushed up the spot price. According to the monitoring of the trading center, there are currently fewer transactions in Chinese enterprises in the real goods market. Therefore, the high price at this stage does not represent the overall import cost of the true LNG in our country. And thanks to a large number of medium and long -term liquefied natural gas purchases and sales agreements signed by importers including three major oils, and a large number of relatively low -cost import pipeline gas, my country has a small demand for high -priced spot LNG imports in recent stages. The overall impact of my country's natural gas market is small. As of Tuesday, the price of China's imported spot LNG from the Shanghai Petroleum and Natural Gas Trading Center in July was $ 22.527 per million British heat.

From the perspective of LNG comprehensive import to the shore price index, last week, China LNG comprehensive import to the shore price index was 188.69 points, which recently fluctuated large, and the price index was higher compared to the same period last year. The main reason is that the most important Chinese and long -term associations that account for most of the imports of imports. The price of international crude oil linked to pricing has gone out of a wave of bull markets in the past year. For small parts of imported spot, due to the pricing cycle, the current pricing cycle of the spot part in the shore price index is mainly in April this year. Due to the high spot price during this time, it has suppressed the demand for spot. Under the influence of comprehensive influence, LNG's comprehensive import to the shore price index has recently fluctuated.

China LNG comprehensive import to the shore price index is compiled by the Global Trade Monitoring and Analysis Center of the General Administration of Customs and the Shanghai Petroleum and Natural Gas Trading Center. It was first launched on October 16, 2019.Adjustment is released in the form of an index. The index is based on the first daily calendar of 2018 (the price of China LNG comprehensive imports on the shore in the week is 2853 yuan/ton and the price index is 100).Price level.This is a beneficial exploration of my country's natural gas price market -oriented pricing system, which is conducive to cultivating domestic natural gas pricing benchmarks, timely and effective docking in the domestic market and international markets, and further enhance my country's influence in the international oil natural gas market.Source of this article | Shanghai Petroleum Natural Gas Trading Center

Author of this article | Wang Shizhen

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