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The World Gas Intelligence spot gas assessment for Northeast Asia rose 10 cents to $4.75 per MMBtu, its highest level since mid-February. It broke above $4.65, a level it had failed to hold twice before, and was well below the $7.75 level of a year earlier.
Higher Asian LNG prices can pull cargoes away from other markets and raise the cost of gas-based fertilizer and energy. The change is a modest one-day move, so the effect on feed prices is small.
energyintel.comMay 31, 2016Not 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.
