
European gas storage has fallen to a 10-year low as the winter heating season approaches. The storage was drawn down last winter due to strong demand and weak renewables generation, with strong underlying power demand.
Low European gas storage increases the risk of supply shortfalls and fuels competition for LNG cargoes, supporting global gas and nitrogen fertilizer prices. Higher fertilizer and energy costs put upward pressure on feed production costs.
在过去 155 次看涨的宏观事件之后,天然气 在 5 个交易日内中位数变动 +0.1%(51% 上涨;中间一半区间为 -4.0% 至 +7.1%),20 个交易日内为 +2.0%。
在过去 92 次看涨的宏观事件之后,尿素 在 5 个交易日内中位数变动 +0.0%(50% 上涨;中间一半区间为 -2.0% 至 +3.6%),20 个交易日内为 +4.8%。
各商品基准价相对事件前最后收盘价的变动。历史数据汇总同类过往事件;仅描述已发生的情况,不代表未来走势。不构成投资建议。
Record-low European gas storage raised gas prices, the key nitrogen input, which tightened European ammonia and urea supply.