29 April 2024
Asian LNG spot rally could end in coming months
Publication date: 05 January 2017
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Asian LNG spot prices have surged in the past few months amid lower LNG production and winter demand, but recent developments suggest that the rally could end in a matter of weeks.
As of Wednesday, February 2017-dated swaps related to the Platts’ Japan-Korea Marker (JKM) assessment last settled at USD 9.54/MMBtu on the Chicago Mercantile Exchange, up nearly 40% year on year and over twice the value of front-month swaps in mid-April 2016.