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Asian spot LNG prices have converged with European prices, with the spot price at $5.40 in the week to June 23, down nearly 75% from a record $20.50. Europe is positioning itself as a central market for gas trade as LNG supply grows.
Converging regional prices reflect a well-supplied LNG market, which points to continued softness in gas costs. Lower energy prices ease input costs for feed mills.
reuters.comClyde RussellJun 30, 2017Not 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.
