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Asian spot LNG prices slumped as floating storage cargoes began unloading into an oversupplied market. Some deals were reported below $6/mmBtu, and most floating volumes were expected to discharge in November.
Unloading of stored cargoes adds to near-term supply and pushes spot prices lower. The effect on feed markets is limited.
financialpost.comReutersNov 1, 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.
