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The December 2026 TTF contract fell about 18%, from $34.0/MMBtu on October 30 to $28.0/MMBtu on November 6. EU storage was reported at 73%, below its five-year average, while Asian spot LNG prices declined less over the same period.
The steep price decline eases near-term gas costs, but below-average storage leaves Europe exposed to stronger winter demand and potential price rebounds. Lower gas costs can reduce energy-related costs for feed production.
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.