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LNG: JKM Jan Levels Expected to Hold this Week: Platts

LNG
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Platts expects JKM spot prices for January to remain rangebound in the week to Nov. 29, as competition for cargoes between Asia and Europe remains the dominant theme.

  • Platts assessed the JKM January spot price at $15.591/MMBtu Nov. 22, strengthening on the week due to firm demand for cargoes in Asia.
  • The surge in demand is attributed to the onset of colder weather in Asia, which is expected to linger over coming weeks.
  • Competition for cargoes between the basins has also prompted buyers in Northeast Asia to bid up prices.
  • Meanwhile, power prices in Japan surged as demand increased due to cold weather.
  • There are also ongoing speculations of a late-peak winter, suggesting that temperatures in February may be higher than initially expected.
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Platts expects JKM spot prices for January to remain rangebound in the week to Nov. 29, as competition for cargoes between Asia and Europe remains the dominant theme.

  • Platts assessed the JKM January spot price at $15.591/MMBtu Nov. 22, strengthening on the week due to firm demand for cargoes in Asia.
  • The surge in demand is attributed to the onset of colder weather in Asia, which is expected to linger over coming weeks.
  • Competition for cargoes between the basins has also prompted buyers in Northeast Asia to bid up prices.
  • Meanwhile, power prices in Japan surged as demand increased due to cold weather.
  • There are also ongoing speculations of a late-peak winter, suggesting that temperatures in February may be higher than initially expected.