# China Natural Gas Traders Pause Spot Purchases as Prices Surge

> Asian spot natural gas benchmark prices rose 19% to $11.58 per mmBtu on Wednesday, the largest one-day gain since November. Chinese buyers paused spot purchases, and price-sensitive emerging economies are pulling back on demand.

- Date: 2023-07-01 · published 2023-07-01T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/35691-china-natural-gas-traders-pause-spot-purchases-as-prices-surge
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The sharp Asian price spike reduces spot LNG demand, which can ease pressure on global LNG prices over time. It also weighs on energy-intensive feed and fertilizer production in price-sensitive markets.

## Read by commodity

- NATGAS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-06-15/china-natural-gas-traders-pause-spot-purchases-as-prices-surge

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