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China's push to switch households to natural gas has left sellers short of supply two weeks into winter. Hebei signaled shortages of 10 to 20 percent and some cities curtailed industrial gas use.
Domestic shortages in China increase competition for LNG imports and support higher Asian gas prices. Energy-cost pressure can also affect fertilizer and processing costs.
bloomberg.comBloomberg NewsDec 1, 2017After 155 past bullish macro events, NATGAS 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.
