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Asian spot LNG prices rose for a second straight week to their highest level in over two months, with October delivery at $11.40/mmBtu. Planned maintenance at Australia's Wheatstone LNG and a Sakhalin-2 production line halt in Russia tightened supply, and new buyers in Thailand and Bangladesh added demand.
Tighter Asian LNG supply lifts natural gas costs for importers and can support gas-linked fertilizer and energy costs for feed producers. The effect on Henry Hub is limited because the disruptions are regional.
ft.lkAug 29, 2018After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
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.
