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Interpretation: LNG and LNG transportation and LNG equipment market in the era of coal-to-gas equipment

Date:2017/7/10 12:24:37 Author:

Since the fall of international crude oil prices in 2014, the “gas-to-oil” promotion of the LNG market has set aside the historical stage. After two years of downturns in China’s LNG and LNG transportation and LNG equipment markets, the wave of “coal to gas” has finally Found a new battlefield.

The first half of 2017 has ended. We use the data to see how “coal to gas” has affected this market.

1, the price

The prosperity of “coal-to-gas equipment” has supported the market price in 2017. Relevant statistics show that the LNG ex-factory price in the first half of 2017 has increased by 250-300 yuan/ton over the same period of the previous year. The profit rate reached the highest in nearly two years.

In the context of the rapid development of coal-to-gas equipment, the LNG equipment market has turned into a boom in the off-season, and the traditional peak season of the 2017-2018 heating period has become full of delusions. Due to the lack of peaking stocks in the market, there are already cities that have managed to deal with unpredictable traditional peak seasons by purchasing small tanks.

2. LNG factory profit

In the first half of the year, the gas source cost of the LNG plant remained stable compared to the off-season last year, and the increase in the ex-factory price of the factory directly led to an increase in the processing profit of the manufacturers. Taking the Inner Mongolia factory as an example, the relevant data estimates that the average processing profit of the factory in the first half of the year was 167.5 yuan / ton, an increase of nearly 600% over the same period last year. The development of “coal-to-gas equipment” has helped the LNG plant to basically get rid of the gloom of losses.

3. Supply

The improvement of factory processing profit has promoted the resumption of work or increase in production of inland factories including Hanas, Zhongyuan Green Energy Phase II, Inner Mongolia Xingsheng and Ningxia Hongxing, and the LNG market operating rate has increased significantly.

According to relevant statistics, the average operating rate of LNG plants in the first half of the year reached 45%, with a maximum of 52%. It is 18 months since the last market start to reach 50%.

The increase in operating rate directly drives the increase in production in the LNG market.

     In the first five months of 2017, the output of LNG reached 3.21 million tons, an increase of 41.3% from the previous month.

4. Market volume expansion

However, from the perspective of domestic gas, the supply in the first half of this year increased by 936,000 tons compared with the same period of last year.

The increase in market supply means that the trade volume of the LNG market is expanding. More cars, more people, more companies and more funds have entered the industry. The new faces of new friends around us are also growing. The more you come.

5. Transportation industry

The expansion of market trade has also spawned more demand for LNG transport tankers.

According to relevant statistics, in the first half of 2017, the order volume of LNG transport tank trucks approached the 2016 tanker order volume.

According to past experience, the orders for LNG transport tankers in the second half of the year often surpassed the first half of the year, and the current delivery of LNG transport tanker orders is less than 40%. Therefore, we expect that there will be a large number of new LNG transport tankers in the second half of the year. To the LNG market.

6. Downstream usage expansion

From the downstream, the most obvious increase in LNG coal-to-gas equipment from 2016 to the present is in the Central China region, which is dominated by Henan, followed by the northwestern region dominated by Shaanxi. In the above two regions, the increase is more obvious because the previous usage base is lower.

The increase in North China, mainly in East China and Hebei Province, which is dominated by Shandong and Jiangsu, is closely followed.

The LNG dosage base in Guangdong Province is large, the users are mature and stable, and the increment is relatively low.


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