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Japanese spot LNG cargoes contracted in February fell by $2.50 per MMBtu within a week or two. The decline reflected an oversupplied market and early coronavirus effects on demand.
Lower spot LNG prices reduce the cost of gas for Asian industry and power, a small indirect effect on feed input and energy costs.
lngjournal.comJohn McKayMar 10, 2020Not enough comparable past events yet for a historical read.
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.
