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U.S. natural gas prices have surged after last year's slump, with Henry Hub front-month futures up almost 80% from a year earlier to about $3.00 per MMBtu. Gas has become more expensive than coal after adjusting for efficiency, so power producers are running gas plants for fewer hours.
Higher gas prices shift power generation toward coal, which tightens gas demand from power plants over the summer. Feed buyers see this mainly as an energy-cost signal that feeds into fertilizer and processing costs.
reuters.comJohn KempMay 14, 2021Not enough comparable past events yet for a historical read.
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.
