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Citi has doubled its natural gas price forecast and says prices could spike to as high as $100 per million British thermal units in a particularly cold winter. Japan-Korea marker LNG prices have jumped almost 50% so far this month to near $30 per mmBtu.
A bank forecast of extreme winter gas prices signals potential for severe energy cost inflation, which raises fertilizer and processing costs for feed. Surging Asian LNG prices also pull U.S. export demand higher, supporting domestic gas prices.
bloomberg.comAnn KohSep 23, 2021Not enough comparable past events yet for a historical read.
Not 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.
