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Shell executives said global LNG markets have returned to more normal trading, with European gas prices steadying around $10-12/MMBtu, similar to pre-2022 levels. They noted strength in Europe and weakness in China's industrial gas demand.
Stabilizing LNG prices and lower volatility reduce cost uncertainty for energy-intensive feed and fertilizer production, with little immediate price shock expected.
Not enough comparable past events yet for a historical read.
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.