You also need to know the types of natural gas according to the basic situation. The average prices of JKM LNG in Asia and TTF LNG in Europe may be $28.8 /mmbtu and $27.7 /mmbtu, respectively, while the previously predicted prices of JKM and TTF are $ 13.9 and 12.9, respectively. Jkm natural gas has great development space in various markets.
Under the influence of epidemic and cold weather, the spot price of Asian LNG JKM hit a new high continuously. There are also higher prices in commercial newspapers. Trafigura, a trader, bought a shipment of LNG for February delivery from Total, and the price was as high as $39.30 /MMBtu. Affected by the epidemic, LNG consumption in 2020 will be tepid for most of the time. Some large downstream users in China, taking advantage of the east wind of pipe network reform, have stood at the front desk to purchase low-priced LNG spot. For some time, the sales scope of sea gas LNG has penetrated into inland provinces, and the imported pipeline gas has repeatedly given in. After entering the 20021new year, several waves of cold waves visited. On June 5438+ 10, the spot LNG price of JKM rose one after another, rising again and again, reaching a high of nearly $40 in two weeks, more than 20 times higher than the low price, which is called "the king of commodities".
The cold weather continued, and Japan's demand for natural gas surged. The market tension continues, the tight spot resources still have room for appreciation, and the ship rent is also rising. In June 2022, there was a market of $350,000/day. High LNG price translates into high electricity price in Japan. In other East Asian markets, it became a market panic. This shows that its influence on the country is still great.
In fact, China's natural gas import and pricing are as special as refined oil products, and they are basically in a monopoly state, so there is no authoritative natural gas price index in China. The standard natural gas price in foreign markets is recognized as the futures market or futures index price, which is more authoritative and representative. However, some prices published in China are designated or edited by some information websites according to local sales prices and are not authoritative.