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Global natural gas prices failed to rise despite recent LNG outages in several producing countries. Mild Asian weather and trade-war concerns have limited restocking.
China's LNG imports have fallen for six months in a row.
Weak Asian LNG demand keeps global gas prices subdued, which limits cost pressure on gas-based fertilizer and energy inputs.
After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% 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.