# Asian prices surge to record high this week as winter starts

> 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.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: macro · region Asia · magnitude medium
- Page: https://feedsoft.ai/events/44765-asian-prices-surge-to-record-high-this-week-as-winter-starts
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2021-10-05 | [Gas price surges to a record high in Europe on supply concerns](https://feedsoft.ai/events/44766-gas-price-surges-to-a-record-high-in-europe-on-supply-concerns.md) | -6.6% | -10.0% |
| NATGAS | 2021-10-22 | [Global Gas Prices are Soaring to Record Highs. Here's Why.](https://feedsoft.ai/events/11751-global-gas-prices-are-soaring-to-record-highs-here-s-why.md) | +14.0% | -2.0% |
| NATGAS | 2021-09-28 | [U.S. natgas rise to 7-year high on record global prices](https://feedsoft.ai/events/7925-u-s-natgas-rise-to-7-year-high-on-record-global-prices.md) | +2.9% | +3.4% |
| NATGAS | 2021-09-30 | [Asian LNG spot price reaches record high of $34.47/mmbtu - Platts data](https://feedsoft.ai/events/45220-asian-lng-spot-price-reaches-record-high-of-34-47-mmbtu-platts-data.md) | +4.2% | +8.1% |
| NATGAS | 2021-04-28 | [LNG market tightens after record winter highs](https://feedsoft.ai/events/47779-lng-market-tightens-after-record-winter-highs.md) | +3.2% | -0.0% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/asian-prices-surge-record-high-this-week-winter-starts-2021-10-01/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.