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What does ttf price mean?
Natural gas price.

Since the beginning of 20021,the price of natural gas in the international market has been suppressed first and then increased, especially since March. Judging from the price indexes of the four major international natural gas markets, the spot prices of Platts Japan-Korea benchmark natural gas price index (hereinafter referred to as JKM), British National Natural Gas Trading Center natural gas price index (hereinafter referred to as NBP), Dutch property right transfer facility natural gas price index (hereinafter referred to as TTF) and American Henry Center natural gas price index (hereinafter referred to as HH) all show the same √-shaped trend, but the ranges are different.

According to customs statistics, in 20265 and 438+0-August, the average prices of imported pipeline gas and imported LNG (forward LNG plus spot LNG) were RMB 0/.65, RMB 438+09 and RMB 2.00 per cubic meter, respectively, up by -23.9% and 8% year-on-year. However, we should also see that about 40% of China's LNG imports are traded at spot prices, accounting for 26% of the total imports and 1 1% of the national natural gas supply. The international spot price is an important benchmark to reflect and adjust the incremental market. Since 20021,the spot price of natural gas in the international market has risen sharply, which will also have a great impact on the price trend of domestic natural gas market and the cost of gas purchase for users.