# Coronavirus: Natural gas prices falls to historic low amid outbreak

> Natural gas prices fell to near historic lows, with US gas around $1.86/MMBtu and nearly 30% below a year earlier. Asian spot LNG (JKM) closed at an all-time low of $3.00/MMBtu, and OMV's CEO said he wanted colder weather to lift gas prices.

- Date: 2020-02-07 · published 2020-02-07T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/54767-coronavirus-natural-gas-prices-falls-to-historic-low-amid-outbreak
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cheap natural gas lowers energy costs for grain drying and fertilizer production, which can weigh on feed input costs. The move is largely a price update with limited direct impact on feed commodities.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2020/02/07/coronavirus-natural-gas-prices-falls-to-historic-low-amid-outbreak.html

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