Commodity Market Report
LNG short-term outlook: March 2024
*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 increased almost +20% since our last update. This is largely linked to the strengthening in coal and carbon prices due to additional sanctions on Russian coal production, some disruptions, emerging demand in the Mediterranean and opportunistic buying. As a result, the European coal-to-gas switching range shifted up +$1.5/mmbtu – supporting gains at TTF which still trades at the bottom of the switching range to incentivise gas demand. Asian LNG prices moved upwards with European markers, but also with additional procurement. Their premium to Europe LNG prices remained around $1/mmbtu, supporting longer routes on efficient ships at the margin.
Table of contents
- Commodity prices soared this month, but the market remains well supplied
Tables and charts
This report includes the following images and tables:
-
Updated: 28 March 2024
What's included
This report contains:
Other reports you may be interested in
Asset Report
Maricunga - Lithium brine project
A detailed analysis of the Maricunga lithium brine project.
$2,250
Commodity Market Report
Global aluminium short-term outlook October 2023
Prices move above US$2200/t on Yunnan supply cuts and some encouraging macro news out of China.
$5,000
Insight
Global oil supply short-term update - October 2026
US Lower 48, Brazil and Venezuela drive upgrades to the production outlook
$1,350
