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Asian LNG spot prices have fallen for five straight weeks and are more than 40% below a year earlier. Analysts expect some US LNG exports may be curtailed next year as supply from the US, Australia and Russia keeps growing.
US cargoes have been absent from China since March 2019 due to the trade war.
Oversupply and lost Chinese demand for US gas weigh on global gas and energy prices. Lower energy costs can modestly reduce pressure on fertilizer and processing costs for feed.
oilprice.comTsvetana ParaskovaNov 26, 2019Not 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.
