# Japanese spot LNG cargoes show combined effects of coronavirus and over-supplied market

> 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.

- Date: 2020-03-10 · published 2020-03-10T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/54315-japanese-spot-lng-cargoes-show-combined-effects-of-coronavirus-and-over
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Lower spot LNG prices reduce the cost of gas for Asian industry and power, a small indirect effect on feed input and energy costs.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- lngjournal.com: https://lngjournal.com/index.php/latest-news-mainmenu-47/item/99622-japanese-spot-lng-cargoes-show-combined-effects-of-coronavirus-and-over-supplied-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.