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European gas benchmarks posted strong gains in August, with the TTF hub up about 50% on the month on stronger power-sector demand and lower LNG inflows. Asian JKM prices rose about 45% on higher Chinese demand and supply issues at Gorgon T2.
Henry Hub rose about 30% as US production fell.
Rising global gas prices raise the cost of nitrogen fertilizer production in Europe and Asia, supporting fertilizer prices. The rally also tightens the energy backdrop for feed and ethanol-linked costs.
europeangashub.comDavid CallananAug 31, 2020After 155 past bullish macro events, NATGAS 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.
