Commodity Market Report
LNG short-term outlook: April 2024
Report summary
TTF prices rallied in April, soaring from low $8/mmbtu to over $10/mmbtu in a few days, before correcting. We attribute these dynamics to LNG supply disruption, geopolitical tensions in the Middle East and bombing of some infrastructure in Ukraine. Northwest European LNG prices narrowed their discount to TTF with soft utilisation of regas terminals. Asian LNG prices retained a premium to NW Europe of around $1/mmbtu, consistent with the shipping cost from the Atlantic to the Pacific.
Table of contents
- Geopolitical risks, disruptions, late cold spells: a bumpy transition to summer
Tables and charts
This report includes 1 images and tables including:
- Updated: 29 April 2024
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global lead short-term outlook April 2024
A third consecutive month of minimal Chinese exports is supportive of prices that have lifted alongside a surge in cancelled LME warrants.
$5,000
Commodity Market Report
Global steel markets short-term outlook April 2024
Chinese demand remains under pressure but steady growth expected for India and mature markets in 2024
$5,000
Commodity Market Report
Global noble steel alloys short-term outlook April 2024
Wood Mackenzie's latest short-term view on the molybdenum, niobium and vanadium markets.
$5,000
