# Asian LNG price drops as floating storage starts unloading | Financial Post

> 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.

- Date: 2019-11-01 · published 2019-11-01T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/56249-asian-lng-price-drops-as-floating-storage-starts-unloading-financial-post
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Unloading of stored cargoes adds to near-term supply and pushes spot prices lower. The effect on feed markets is limited.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/asian-lng-price-drops-as-floating-storage-starts-unloading

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