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Summer heat in the Northern Hemisphere and rising LNG demand lifted global gas benchmarks. The Dutch TTF rose above $11/MMBtu and Asian spot LNG held near $12.50, with Asian buyers competing for U.S. cargoes.
Stronger European and Asian gas prices raise energy and nitrogen fertiliser costs for global feed producers. Competition for U.S. LNG also supports domestic gas prices.
naturalgasintel.comJul 29, 2024After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
