Commodity Market Report
LNG short-term outlook: January 2024
Report summary
January prices continue to slide as European inventories remain above the 5-year average for this time of year. Cold snaps have been largely unsuccessful in relieving downward pressure on prices, but likely contributed towards day-ahead prices temporarily overtaking month-ahead prices earlier this month. Despite cooler than average temperatures in some parts of China, Asian prices have remained stagnant as demand remains sporadic in the region; spreads between Europe and Asia have narrowed since last month and currently sits at just over $1.
Table of contents
- January prices slide further
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- Updated: 29 January 2024
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