Middle East conflict has disrupted supply, forcing Pakistan and Bangladesh to pay multi-year highs for spot LNG. Trading sources said Pakistan’s state LNG company on Monday bought a cargo at about $21.88/MMBtu, the highest since 2022. Sources said Bangladesh’s state buyer paid an even higher price last week for at least one August cargo. Those spot prices are roughly double the cost under their long-term Qatar supply contracts.

China A‑share liquid‑cooled server stocks extended losses. Jinfu Technology hit its fourth consecutive limit down; Cambridge Technology, Feilong Co. and Guangxun Technology recorded three straight limit‑down sessions. Daoming Optics, Far East Co., Xiaosong Co., Fenghua High‑Tech, Dayuan Pump, Xingrui Technology and Aihua Group also touched limit down; Hongfuhan plunged more than 10%, while Zhen'an Technology, Bojie Co., Haorsai, Dongyangguang and Chuanrun Co. followed lower.

Global energy storage system shipments (AC-side) reached 328.02 GWh in 1H 2026, +87.9% YoY. Large-scale storage maintained a high share; residential storage doubled YoY and commercial & industrial (C&I) storage rose on stronger overseas demand. China’s storage market in 1H displayed a split: tendering surged while award volumes only modestly recovered. Jan–Jun tender volume totaled 369.3 GWh (+89.9% YoY) versus awarded volume of 221.8 GWh (+21.5% YoY), leaving a ~147.5 GWh pipeline available for H2 system deliveries. US market forecasts flipped from negative to positive YoY, with the largest incremental additions from AIDC storage; Wood Mackenzie reports Q1 deployments of 3.3 GW/8.4 GWh, +54% YoY, a record single quarter.