LNG JKM prices peaking
September 27, 2021 Leave a comment
The price of the LNG JKM price has risen 5 fold over the past 12 months.
The weekly chart below shows its latest move reaching a 3 standard deviations extreme.
A 45% rise over the past few weeks assists my view that this peak suggests an equal decline in the coming months.
it’s also prudent that any LNG suppliers who have bet on the ‘spot’ market lock in prices now.
In other words, it’s a sellers market.
September 27, 2021
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 