Supply tightening, combined with cost support, has led to continued increases in LNG prices.

This week, the average weekly price of LNG factory transactions nationwide was 5109 yuan/ton, an increase of 3.03% compared to the previous period. Looking back at the market, the arrival of ships continued to be tight, with receiving stations generally reluctant to sell at high prices. Due to high costs from the competitive bidding of raw materials gas and a reduction in bidding volume, overall inventory pressure at liquid factories is not significant. The pace of shipments from liquid factories remains good, with a strong willingness to increase prices in the upstream. Looking ahead to next week, factors such as a shortage of arriving ships and slow downstream receiving schedules may continue to balance with bearish factors. The probability of most receiving stations maintaining stability with high prices for bulk shipments is high. The narrowing price difference between sea and land LNG is reducing the cross-regional circulation radius of inland liquid sources and further increasing the pressure on factory liquid levels. In the short term, more and more factories are expected to join the ranks of offering discounts to increase sales volume.