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Asian spot LNG prices rose this week to an average of $14.00/mmBtu for October delivery into northeast Asia. Unplanned downtime at Australia's Ichthys, with one train offline into October, and production constraints at Malaysia's Bintulu tightened supply.
Freeport LNG's brief shutdown also drew attention, while Chinese buying stayed limited at these price levels.
Supply outages in Asia tighten LNG availability and support gas prices, which feed into fertilizer and energy costs. Limited Chinese demand caps the upside.
brecorder.comReutersAug 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.
