燃气Ⅱ行业跟踪周报:降温预期消化 美国气价回落、欧洲&中国气价微降

东吴证券
Nov 17, 2025

价格跟踪:降温预期消化,美国气价回落、欧洲&中国气价微降。截至2025/11/14,美国HH/欧洲TTF/东亚JKM/中国LNG 出厂/中国LNG 到岸价周环比变动-7.1%/-1%/0%/-0.6%/-1.3%至0.9/2.6/2.8/2.9/2.8 元/方,海内外倒挂结束。供需分析:1)冬季第一股冷空气过境,气价回吐部分涨幅,美国天然气市场价格周环比-7.1%。截至2025/11/07,储气量...

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