Qing Energy Consulting: Moderate post-holiday demand recovery, domestic LNG prices stable with a slight increase.

According to a report from Qing Energy Consulting on April 8th, the resumption of road traffic after the Qingming holiday has driven up the demand for transportation gas. In addition, the strong support of raw material gas costs, smooth shipments in the upstream, and domestic inventories maintaining at low levels have led to a strong sentiment of price hikes from liquefaction plants. It is expected that, with the combined effect of cost support and upstream control, domestic LNG prices will remain at high levels in the short term, with some regions possibly seeing a slight increase. On the import side, influenced by high international spot LNG prices and expectations of tight supply, some individual receiving stations in East China have raised prices and controlled sales. Today, imported LNG prices have increased by 50-280 yuan/ton. Other imported resources are expected to continue stable operations.