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Japan Petroleum Exploration (Japex) will not seek further spot LNG cargoes for October to March after securing three replacement cargoes for Middle East supply. The company raised its JKM price forecast to $25/MMBtu for October-December and $20/MMBtu for January-March.
A higher Asian LNG price outlook reinforces expensive winter energy and fertilizer costs for feed producers, with limited direct effect on grain balances.
spglobal.comTakeo KumagaiNov 12, 2026After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% 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.
