Core Insights - The Shanghai Petroleum and Natural Gas Exchange reported the spot price for pipeline natural gas for March 2026 at 2.41 yuan per cubic meter, while the price for February 2026 was 2.06 yuan per cubic meter [1][2]. Group 1: Price Information - The spot price for pipeline natural gas in China is based on transactions at the Shanghai Petroleum and Natural Gas Exchange, reflecting the weekly average price for gas delivered nationwide for the current or next month [2]. - The exchange publishes the "China Pipeline Natural Gas Spot Price" every Friday, with adjustments made for holidays by releasing it on the last working day before the holiday [2]. Group 2: Exchange Overview - The Shanghai Petroleum and Natural Gas Exchange is an energy trading platform established under the guidance of the National Development and Reform Commission and the National Energy Administration, approved by the Shanghai Municipal Government [2]. - This exchange plays a crucial role in supporting the market-oriented reform of domestic oil and gas pricing in China [2].

Core Viewpoint - The Shanghai Petroleum and Natural Gas Exchange reported the spot prices for pipeline natural gas for February 2026, indicating a price of 2.39 yuan per cubic meter for delivery in February and 2.55 yuan for March delivery, reflecting the ongoing market dynamics in China's natural gas sector [1] Group 1: Price Information - The spot price for pipeline natural gas for February 2026 is set at 2.39 yuan per cubic meter [1] - The spot price for pipeline natural gas for March 2026 is set at 2.55 yuan per cubic meter [1] Group 2: Market Mechanism - The "China Pipeline Natural Gas Spot Price" is based on the weekly average price formed by transactions at the Shanghai Petroleum and Natural Gas Exchange [1] - The exchange publishes the weekly average price for the current and next month’s pipeline natural gas deliveries every Friday, with adjustments made for holidays [1] - A monthly average price for pipeline natural gas is also released at the end of each month [1] Group 3: Institutional Background - The Shanghai Petroleum and Natural Gas Exchange is established under the direct guidance of the National Development and Reform Commission and the National Energy Administration, approved by the Shanghai Municipal Government [1] - The exchange serves as a crucial support for the market-oriented reform of domestic oil and gas pricing [1]

Core Insights - The Shanghai Petroleum and Natural Gas Exchange reported that the spot price for pipeline natural gas for delivery in January 2026 is 2.52 yuan per cubic meter [1][3]. Group 1: Pricing Information - The spot price of pipeline natural gas reflects the trading prices at the Shanghai Petroleum and Natural Gas Exchange, indicating the price level for natural gas delivered nationwide for the current or next month [3]. - The price of 2.52 yuan per cubic meter was recorded for the week of January 10 to January 16, 2026 [3]. Group 2: Reporting and Market Context - The Shanghai Petroleum and Natural Gas Exchange publishes the "China Pipeline Natural Gas Spot Price" and provincial prices every Friday, with adjustments made for holidays [3]. - The exchange will also release a monthly average price for pipeline natural gas at the end of each month [3]. - The exchange operates under the guidance of the National Development and Reform Commission and the National Energy Administration, and is approved by the Shanghai Municipal Government, serving as a key platform for the market-oriented reform of domestic oil and gas pricing [3].

Core Viewpoint - The article discusses the "China Pipeline Natural Gas Spot Price," which reflects the spot prices of pipeline natural gas delivered to various provinces in China, based on transactions at the Shanghai Petroleum and Natural Gas Exchange [1] Group 1: Pricing Information - The spot price for pipeline natural gas for delivery from December 20 to 26, 2025, is set at 2.31 yuan per cubic meter [1] - The Shanghai Petroleum and Natural Gas Exchange publishes the provincial and national weighted average prices every Friday, with adjustments made for holidays [1] Group 2: Market Structure - The Shanghai Petroleum and Natural Gas Exchange is established under the guidance of the National Development and Reform Commission and the National Energy Administration, approved by the Shanghai Municipal Government [1] - This exchange serves as a crucial support for the market-oriented reform of domestic oil and gas pricing [1] Group 3: Monthly Reporting - The exchange will also release a monthly average price for pipeline natural gas at the end of each month [1]

Group 1 - The Shanghai Petroleum and Natural Gas Exchange reported the spot prices for pipeline natural gas in China, with the price for delivery in December 2025 at 2.37 yuan per cubic meter and for January 2026 at 2.43 yuan per cubic meter [1][2] - The "China Pipeline Natural Gas Spot Price" reflects the prices for natural gas delivered to various provinces and cities in China, based on transactions at the Shanghai Petroleum and Natural Gas Exchange [2] - The exchange publishes the spot prices weekly on Fridays, with adjustments made for holidays, and will also release a monthly average price at the end of each month [2] Group 2 - The Shanghai Petroleum and Natural Gas Exchange is established under the guidance of the National Development and Reform Commission and the National Energy Administration, approved by the Shanghai Municipal Government [2] - This exchange serves as a key platform for the market-oriented reform of domestic oil and gas pricing in China [2]