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Asian LNG importers expect high spot prices this winter, with the Platts JKM for October assessed at $17.46/MMBtu and January futures peaking near $20. Demand growth in China is expected to offset lower buying from Japan, Korea and Taiwan.
Tight Asian LNG supply and strong Chinese demand keep global gas prices elevated, raising power and fertilizer input costs for feed producers.
spglobal.comHwee Hwee Tan, Shermaine AngAug 26, 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.
