◂ Event Timeline

Jul 31, 2023LOGISTICSGlobal

LNG Charter Rates Rising to $200,000 a Day Ahead of Winter

LNG charter rates surged, with November vessels fixed at $284,750 per day and later contracts above $206,750. Tankers are becoming scarce ahead of winter peak demand.

WHY IT MATTERS

Tight shipping for LNG signals firm global gas demand into winter, supporting energy prices that feed through to fertilizer and processing costs.

AFFECTSNatural Gas▲

SOURCE
bloomberg.comRuth LiaoJul 31, 2023

Price reaction & history

Natural Gas▲bullishSO FAR1d +0.9%5d -1.2%20d -3.2%

After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% over 20.

Jul 21, 2022Rising demand and lower water levels drive up barge charter rates - The Loadstar+11.3%
Nov 15, 2022Europe Natural Gas Prices Jump as Major US LNG Plant Set to Stay Offline - Bloomberg+6.8%
Jun 16, 2023Europe’s Fragile Gas Market Shows Risk of Crisis Redux - Bloomberg+4.7%
Dec 11, 2020Algeria’s LNG Supply Disruptions Add to Global Market Tightness - Bloomberg+6.7%
Jan 12, 2021LNG Shipping Rates from U.S. Surge Record on Asia Buying Boom-4.8%

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.

Natural Gas NATGAS · GP ▸

——— · ·

Loading…