# Market Watch: Nymex Plunges Deeper into $2 Territory | Energy Intelligence

> US December natural gas futures fell 5.4 cents to $2.898 per million Btu, approaching the $2 level. Analysts cite mild weather and a comfortable storage picture, while LNG feed gas demand remains near record highs at 19 to 20+ Bcf/d.

- Date: 2026-10-30 · published 2026-10-31T10:05:53.906Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/2977-market-watch-nymex-plunges-deeper-into-2-territory-energy-intelligence
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Lower natural gas prices reduce nitrogen fertilizer production costs and ease energy input costs for feed processing, while strong LNG demand limits further downside.

## Read by commodity

- UREA: bearish ▼
- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-11-07 | [Column: LNG market in trifecta of change to prices, flows and seasonality - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/38858-column-lng-market-in-trifecta-of-change-to-prices-flows-and-seasonality-energy.md) | +5.0% | -4.9% |
| NATGAS | 2020-06-16 | [Price Convergence of Global Gas Markets](https://feedsoft.ai/events/52797-price-convergence-of-global-gas-markets.md) | -0.1% | +5.4% |
| NATGAS | 2022-06-20 | [Selling trend picks up in commodity markets](https://feedsoft.ai/events/40852-selling-trend-picks-up-in-commodity-markets.md) | -12.0% | +2.1% |
| NATGAS | 2025-02-21 | [Friday’s Insider: Urea and gas prices — market in transition — Fertilizer Daily](https://feedsoft.ai/events/26365-friday-s-insider-urea-and-gas-prices-market-in-transition-fertilizer-daily.md) | -18.8% | -15.1% |
| NATGAS | 2020-07-29 | [Expert Commentary - Update on Global Gas and LNG Prices in 2020: How has it Coped with Recent Market Dynamics? - Events-HH](https://feedsoft.ai/events/52290-expert-commentary-update-on-global-gas-and-lng-prices-in-2020-how-has-it-coped.md) | +17.4% | +38.5% |
| UREA | 2023-03-20 | [Global Natural Gas Prices Keep Falling as Demand Weakens, Banking Crisis Weighs on Markets – LNG Recap](https://feedsoft.ai/events/37032-global-natural-gas-prices-keep-falling-as-demand-weakens-banking-crisis-weighs.md) | +0.3% | +13.2% |
| UREA | 2020-03-20 | [Coronavirus impact hits western urea markets hard, east faring better for now](https://feedsoft.ai/events/54426-coronavirus-impact-hits-western-urea-markets-hard-east-faring-better-for-now.md) | -1.2% | +0.7% |
| UREA | 2023-03-24 | [US natgas prices slump after mild winter leaves big surplus \| Reuters](https://feedsoft.ai/events/37027-us-natgas-prices-slump-after-mild-winter-leaves-big-surplus-reuters.md) | -0.8% | +13.0% |

## Sources

- energyintel.com: https://www.energyintel.com/000001a1-8d9e-d36e-adbd-dfff53180000

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.