
Natural gas prices reached seasonal records as global demand grew faster than supply. In Europe, the TTF benchmark rose from about 20 EUR/MWh at the start of 2021 to over 100 EUR/MWh in early October.
Low European storage, weak wind output and drought-reduced hydro generation were cited as drivers, and the tightness was spilling into oil markets.
Expensive gas and power raise costs for nitrogen fertilizer and processing, and tighter energy markets lift substitute fuel prices. This supports higher energy-linked input costs for feed producers.
Setelah 155 peristiwa makro bullish sebelumnya, Gas Alam bergerak median +0,1% selama 5 sesi (51% lebih tinggi; separuh tengah -4,0% sampai +7,1%), dan +2,0% selama 20 sesi.
Setelah 487 peristiwa makro bullish sebelumnya, Minyak Mentah (WTI) bergerak median +1,0% selama 5 sesi (60% lebih tinggi; separuh tengah -2,0% sampai +4,0%), dan +1,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.