# Natural gas market developments: prices bouncing back from the cold

> Natural gas prices rebounded in mid-June after a sharp drop in early 2024 caused by a mild winter. By late June, US prices were about 80% and European prices about 25% above their March averages. The World Bank expects 2024 prices to be well below the previous two years, with a recovery in 2025.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/29955-natural-gas-market-developments-prices-bouncing-back-from-the-cold
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher natural gas prices raise the cost of nitrogen fertilizer and energy-intensive feed processing, which pressures feed margins. The expected lower 2024 average still points to cheaper feed inputs than in 2022-2023.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-04-12 | [Higher Natural Gas Prices Are On The Horizon \| OilPrice.com](https://feedsoft.ai/events/12201-higher-natural-gas-prices-are-on-the-horizon-oilprice-com.md) | -0.3% | +2.6% |
| NATGAS | 2016-10-17 | [Analysis: Coal retirements could boost natural gas prices \| Utility Dive](https://feedsoft.ai/events/10120-analysis-coal-retirements-could-boost-natural-gas-prices-utility-dive.md) | -8.5% | -27.6% |
| NATGAS | 2025-02-12 | [Winter Weather, LNG Demand Raises Forecast Natural Gas Benchmark Prices — The Offtake](https://feedsoft.ai/events/26218-winter-weather-lng-demand-raises-forecast-natural-gas-benchmark-prices-the.md) | +54.4% | +15.3% |
| NATGAS | 2021-10-08 | [Fertilizer prices soaring as natural-gas rally adds to ‘perfect storm’ - MarketWatch](https://feedsoft.ai/events/5906-fertilizer-prices-soaring-as-natural-gas-rally-adds-to-perfect-storm-marketwatch.md) | +1.9% | +0.5% |
| NATGAS | 2021-09-25 | [Global Natural Gas Prices Are Soaring : NPR](https://feedsoft.ai/events/7926-global-natural-gas-prices-are-soaring-npr.md) | +9.7% | +1.4% |

## Sources

- blogs.worldbank.org: https://blogs.worldbank.org/en/opendata/natural-gas-market-developments--prices-bouncing-back-from-the-c

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