
Asian spot LNG prices rose for a third week to a seven-month high of $15/mmBtu for November delivery into north-east Asia. The gain reflected stronger Asian demand, European supply worries and Russian fuel export curbs.
Higher LNG prices raise energy costs across Asia and Europe, which can support fertilizer and processing costs and modestly lift demand for competing energy and feed substitutes.
After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.