The average transaction price of domestic LNG ex-factory/ex-terminal stood at 4,240 CNY per ton in the week from November 17 to 21, 2025, edging down 0.19% month-on-month. Domestic LNG prices fluctuated and weakened during this week.

During the week, PetroChina Northwest Direct Supply Plants conducted supplementary auctions of gas sources with increased volumes and reduced prices, resulting in a loose upstream supply. Meanwhile, the demand in the downstream industrial and vehicle fuel markets remained sluggish and extremely weak.

In addition, temperatures in multiple domestic regions rebounded gradually, which constrained the demand for urban gas to a relatively limited level. Furthermore, downstream buyers tended to seek low-price procurement, putting significant pressure on some suppliers that sold products at higher prices and thereby driving the price decline.

On the seaborne gas front, several LNG terminals faced prominent inventory backlogs and mounting pressure. To ease inventory strain, these terminals opted to cut prices to boost sales orders.