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US LNG developers say China has effectively stopped signing new long-term import contracts despite a January trade deal. Several projects may be delayed to 2021 or later because of weak prices, weaker demand and coronavirus trade restrictions.
Stalled US export capacity and weak Chinese demand keep natural gas prices pressured, with limited near-term upside for gas-linked energy costs.
spglobal.comHarry WeberMar 10, 2020After 24 past bearish trade events, Natural Gas moved a median +2.8% over 5 sessions (54% higher; middle half -4.5% to +7.3%), and -1.2% 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.
