Loading…
Asian spot LNG prices rose slightly in the week, with August delivery to northeast Asia estimated at $4.80/mmBtu and some deals near $5.00. European front-month gas on the Dutch hub fell below $3.20/mmBtu.
The price spread prompted interest in redirecting Atlantic cargoes, including Yamal transhipments and a Cameron cargo sent to France.
A widening Asia-Europe spread pulls LNG cargoes east, tightening supply in Europe and supporting Asian gas prices. This is an energy-market story with little direct bearing on feed ingredient prices.
dawn.comReutersJun 29, 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.
