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PetroChina raised natural gas prices for commercial distributors by 10 to 15% for the 2017-18 winter, citing strong demand and tighter supply from Beijing's coal-curbing campaign. Distributors must pay 10% more on base volumes and 15% more on the gap between base and actual use.
Higher Chinese gas prices increase energy and fertilizer costs in China and support demand for alternative fuels. The direct impact on feed commodities is limited.
scmp.comEric NgNov 6, 2017After 13 past bullish policy events, Natural Gas moved a median -1.7% over 5 sessions (46% higher; middle half -2.4% to +4.5%), and +5.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
