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Asian spot LNG prices have been below $10/MMBtu since late January and fell under $8 in late February on weak demand and a mild winter. Buyers are gaining leverage over price reviews and delivery terms.
Weak LNG spot prices push buyers toward spot cargoes and loosen contract terms, which signals soft global gas demand and lower energy costs.
spglobal.comEric Yep, Melody LiMar 13, 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.
