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The JKM spot LNG benchmark for North Asia hit a one-year high on supply disruptions from the U.S., Norway and Nigeria, along with increased winter buying. A typhoon in South Korea also lifted LNG power generation demand.
Buyers were responding to forecasts for a cold winter.
Outages in major supply regions combined with firm Asian winter demand tighten the LNG market and push up spot gas prices.
spglobal.comOct 20, 2020After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
