Commodity Market Report
LNG short-term trade and price outlook (Q1 2024)
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
TTF prices have continued to tumble in February as mild weather depressed heating demand further. European gas prices remain at the bottom of the coal-to-gas switching range, which has shifted down significantly with the decline in carbon prices. Asian LNG prices remain around $1/mmbtu premium to European LNG prices, supporting longer routes on efficient ships at the margin. The disconnect between spot LNG prices and oil-indexed contract prices has widened significantly this month and could trigger some contractual reshuffling for the summer, where flexibility allows.
Table of contents
- Prices soften further as shoulder season demand struggles to emerge
Tables and charts
This report includes the following images and tables:
What's included
This report contains:
Other reports you may be interested in
Insight
2025 zinc benchmark TC: a new era or a strategic move?
The 2025 annual zinc benchmark contract treatment charge is understood to have been settled. Was this a strategic move by smelters?
$1,050
Insight
China economic focus April 2025: surviving the trade war
China’s strategy to mitigate the economic damage from the trade war
$1,150
Insight
Corporate resilience to a tariff-induced downturn
Our Corporate and Mining experts discuss the implications of President Trump's tariff policy and the market reaction.
$1,050
