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Global LNG market is tightening after record winter price spikes, with Northeast Asian spot LNG hitting an all-time high of $32.50/MMBtu in January before falling back. Demand is recovering as Covid restrictions ease and coal-to-gas switching accelerates, while supply project delays keep forward prices firm.
Firmer LNG prices raise the cost of gas-fired power and fertiliser (nitrogen) production, supporting feed and fertiliser input costs and energy-linked market sentiment.
informaconnect.comJeremy BowdenApr 28, 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.
