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Asian LNG buying earlier in the year left the region well stocked, and spot cargoes are being diverted to Europe, where prices now trade at a premium. Europe is bidding up the market to secure supplies amid uncertainty over Nord Stream 2 start-up.
Diversion of LNG cargoes to Europe tightens the global gas balance and keeps energy and fertilizer input costs elevated for feed producers.
straitstimes.comDec 20, 2021After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
