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Asian LNG prices soared this week as China faced an ongoing power crunch. Low gas inventories in Europe also increased competition for cargoes.
Strong Chinese and European demand for LNG keeps global gas prices high, raising nitrogen fertilizer costs and energy expenses for feed producers.
reuters.comJessica JaganathanOct 8, 2021After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), 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.
