Newsletter summary
Prices in the international natural gas market continue to rise this weekBestmobilegamestoearncryptoThe futures prices of Port Henry in the United States and TTF in the Netherlands both rose by more than 10%. On the inventory side, inventories in the United States and Europe have risen steadily, but growth is expected to slow due to high temperatures. China's LNG market supply and demand is stable, prices are high, domestic and sea liquid resources shipments are balanced, prices are expected to be strong and volatile next week. The international market expects spot prices in Northeast Asia to rise first and then fall, while TTF and US NG futures prices will fluctuate upwards.
Text of news flash
Natural gas futures prices in Port Henry of the United States fluctuated upward, rising by 13%.Bestmobilegamestoearncrypto.95%]
According to the latest data, as of May 21, the settlement price of natural gas (NG) futures in Port Henry has been raised to 2. 5%.Bestmobilegamestoearncrypto.671 US dollars / million British heat, an increase of 0.327 US dollars / million British heat compared with the previous cycle (05.14), a significant increase of 13.95 per cent.
[European natural gas market has ample inventories and high land prices remain unchanged]
Inventories in the European market remained high. Data showed that as of May 20, the overall inventory was 764wh, with a storage share of 67.39%, a slight increase of 0.25% over the previous day. Planned maintenance and potential enhancement of natural gas facilities in NorwayBestmobilegamestoearncryptoDue to the import demand for LNG resources outside the region, the market is cautious on the issue of supply.
[spot prices of major international natural gas consumers have generally risen]
In the spot market, the spot China (DES) price in Northeast Asia increased by US $0.557 / million British heat month-on-month to US $11.119 / million British heat, an increase of 5.27%, while the spot price of TTF increased by US $1.271 / million British heat to US $10.442 / million British heat, an increase of 13.86%.
[natural gas stocks in the United States and Europe are growing steadily]
Natural gas stocks in the United States increased by 421 billion cubic feet, or 19.0 percent, over the same period last year, while those in Europe increased by 92 billion cubic feet, or 3.28 percent, over the same period last year. The northeast of the United States is facing a high temperature warning, and inventory growth is expected to slow down as demand increases in the summer.
[prices in China's LNG market are mixed, supply prices have increased slightly]
The domestic natural gas market showed price fluctuations, with the price of the LNG receiving terminal rising 2.2% month-on-month to 4340 yuan / ton. The price of the main producing area was reduced by 2.3% from the previous month to 4288 yuan / ton. The national average price of receiving goods for LNG has been slightly lowered by 0.44% to 4487 yuan / ton.
[domestic LNG inventory increased month-on-month, and increased market resumption led to an increase in inventory]
The total inventory of domestic LNG factories reached 359600 tons, up 4.32 percent from the previous month. The liquid plant resources are shipped at reduced prices, the market resumes work, and the inventory increases.
[domestic LNG plant operating rate is rising, demand remains stable]
The operating rate of domestic LNG factories this week was 56.2%, an increase of 1.3 percentage points from the previous month. The total domestic demand for LNG decreased by 8900 tons, or 1.04%. The market supply and demand is balanced, the upstream shipment is stable.
[future market forecasts show that prices will run high]
The prevailing view of the market is that positive factors on the supply side, such as rising international spot prices and domestic maintenance, will boost the market. It is expected that the future market prices will be high, supported by international spot prices, sea liquid shipping prices may continue to rise.