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China is buying LNG cargoes on the spot market as millions of households switch from coal to gas this winter. Asian spot prices have jumped more than two-thirds since May to about $9 per mmBtu, above oil-linked contract prices.
Chinese spot buying is pulling prices above long-term contract levels and tightening global LNG supply. This supports higher energy and fertilizer costs for feed producers.
oilprice.comTsvetana ParaskovaNov 3, 2017After 59 past bullish trade events, Natural Gas moved a median +1.3% over 5 sessions (61% higher; middle half -2.7% to +10.6%), and +8.0% 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.
