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Asian spot LNG prices rose more than fourfold between early December 2020 and mid-January 2021, climbing above USD 30/MBtu after a cold spell and tight supply. Some cargoes reportedly traded near USD 40/MBtu, a record.
The IEA says milder weather will ease pressure but calls for policy reforms to improve market resilience.
Record LNG prices push gas-fired power and industrial users toward alternative fuels and drive up demand for other energy sources; this is an energy-wide driver with limited direct effect on feed grain prices.
iea.orgJan 25, 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.
