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A Reuters column says the global LNG market is flattening across prices, volumes and seasonality. Spot cargoes for North Asia fell to $28 per mmBtu in the week to Nov.
4, the lowest since June and down 60% from the August record.
Softening spot LNG and reduced seasonality lower the cost of gas-linked energy globally, which can ease pressure on fertilizer and energy costs in feed supply chains.
energynow.comNov 7, 2022After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% 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.
