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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
LNG shipping rates have advanced as spot deliveries are moving into October when demand is typically higher according to Spark Commodities. Increasing LNG at sea could be adding to the pressure on the tanker supply as traders look to benefit from the steep price contango.
- Spark25S Pacific rate has gained by $15,500 a day since Thursday to the highest since early January at $142,750 a day.
- Spark30S Atlantic rate increased by $16,000 a day on Friday to $137,750 a day.
- LNG on water for at least 20 days on 30 Aug increased to the highest since the end of July at 2.81m according to Bloomberg. The increase could be assisted by a steep month-to-month contango spread of the European TTF natural gas futures contracts. The spread has widened this week with the TTF November contact currently trading at a 10€/MWh premium over October.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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