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Northeast Asian spot LNG rose 50 cents to $11.30/MMBtu in the week, close to last winter's high, with Southwest Europe and UK prices also higher. Buyers are building inventories ahead of winter.
Rising Asian and European spot LNG prices signal tighter global gas balances, which supports energy and fertilizer input costs. Price gains reflect seasonal stock building rather than a supply shock.
energyintel.comAug 22, 2018Not 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.
