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LNG prices are poised to test record lows this year as new export projects from Australia and the U.S. flood the market. Brimming European stockpiles and an expected slowdown in Chinese demand compound the pressure.
Spot LNG for North Asia is on track for an all-time low this summer, and European and U.S. gas prices are at their weakest seasonal levels since 1999.
Cheap, abundant LNG and gas reduce the cost of natural gas as an energy input and fertiliser feedstock, which weighs on nitrogen fertiliser costs and keeps energy-linked feed costs contained. Weak gas also tends to reduce the competitiveness of alternative fuels.
bloomberg.comStephen Stapczynski, Anna Shiryaevskaya, Naureen S MalikFeb 1, 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.
