
Global natural gas prices have dropped sharply over the past year, with LNG to Asia under $13/MMBtu and European LNG down more than 40% year on year. Analysts warn that the market could stay tight for years because of structural supply issues.
Lower gas prices ease energy and fertilizer costs but may not restore demand fully. Structural tightness could bring future price spikes that raise input costs for feed producers.
After 37 past neutral macro events, Natural Gas moved a median -0.1% over 5 sessions (49% higher; middle half -4.2% to +12.9%), and -1.1% 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.