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Natural gas forward prices in the Lower 48 rose by double digits during the April 22-28 week, with Henry Hub prompt-month fixed prices up 19 cents. The gains followed a 20-cent rally in May futures, driven by strong LNG and Mexico pipeline exports and a 2.4 Bcf/d production drop from maintenance.
Higher US natural gas prices raise energy and drying costs for feed mills and increase fertiliser production costs, modestly lifting feed input costs.
naturalgasintel.comJeremiah ShelorApr 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
