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Northeast Asian LNG for November delivery was estimated at about $32/mmBtu, up nearly 20% week on week, a record high. The rise came as winter demand began.
Record Asian gas prices add cost pressure across energy-intensive industries and fertilizer production. The strength in gas prices supports a firmer energy and input cost backdrop for feed markets.
reuters.comJessica JaganathanOct 1, 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.
