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Analysts and traders at S&P Global say the global LNG market remains fragile heading into winter. Platts assessed NWE October gas at $12.438/MMBtu and JKM at $14.044/MMBtu on Aug.
29. Sentiment is driving prices more than fundamentals, and potential demand from Egypt and Latin America could tighten winter balances.
A tight winter LNG balance supports higher gas prices, which raise nitrogen fertilizer and energy costs for feed production. The effect on grain and meal prices is indirect.
spglobal.comAly Blakeway, Melody Li, Eric YepAug 30, 2024Not 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.
