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Spot LNG prices in Asia rose to their highest level since 2014, with the Japan-Korea Marker up more than sixfold from its April record low. The rally was driven by cold weather in importing nations, outages at production hubs and shipping congestion, and it is expected to persist into early 2021.
Higher global LNG prices lift energy costs and can shift gas-to-coal fuel choices, adding to input costs across the feed and fertilizer chain.
energynow.comDec 18, 2020After 221 past bullish weather events, Natural Gas moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% 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.
