Natural Gas - LNG (JKM) Prices

05-02-2026 - Over the past month, the price of Natural Gas (LNG JKM) has risen from $9.54 to $11.1 per mmbtu, indicating a strengthening market for this commodity. This increase suggests potential changes in demand or supply dynamics. However, the forecast predicts a slight decrease to $10.96 per mmbtu, down 1.3% from the current price, indicating a generally stable trend with minimal risk of significant price fluctuations.

The forecasted decrease in raw material prices is primarily influenced by demand factors, particularly the global economic climate. Despite this, there is a mixed outlook as flow data suggests upward pressure, while demand, supply, and technical data point to downward pressure.

Recent developments in the market show a notable decline in NYMEX natural gas prices, which aligns with the forecasted downward trend to $10.96 in the coming month. On February 2, 2026, March gas futures fell by $1.117, or 25.7%, settling at $3.237 per million Btu. This sharp drop was due to updated weather forecasts predicting milder temperatures, which reduced expected heating demand. Analysts observed that the market quickly adapted to the new guidance, as traders were reluctant to pay for winter risk without immediate confirmation. This external analysis supports the forecasted downward trend in natural gas prices.