A stenter is a gas bill with fabric passing through it. This is the series that explains why European finishing costs moved while fibre prices sat still.
18 US dollars per mmBTU ↑ 18.80%
Settled 2026-07-01
Against a week ago (2026-02-01): ↑ 60.23%
Against a month ago (2024-09-01): ↑ 52.59%
Against a quarter ago (2021-02-01): ↑ 190.54%
415 observations held, 1992-01-01 to 2026-07-01.
Where these figures come from
- Natural gas, Europe (monthly) — International Monetary Fund via FRED, PNGASEUUSDM, observed 2026-07-01. the day's published table
Read this first. These are settlement prices from the Zhengzhou Commodity Exchange — the Chinese domestic market, in yuan per tonne, for a dated futures contract. They are not Cotlook A, not a world price, and not what a trader paid for a bale this morning. They are carried because China spins more than anywhere else, so the direction is the market’s direction even where the level is not.