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North American natural gas trading rose over four sessions as colder weather and nuclear outages increased reliance on gas. Platts recorded very high volumes of physical fixed-price deals, including an all-time high on March 1, and the PG&E Malin cash price rose 22.5 cents to $3.625/MMBtu.
Colder weather and nuclear outages lifted gas burn for power, which pushed cash prices up. The price move reflects short-term demand strength rather than a lasting change in supply.
mansfield.energyAlan ApthorpMar 6, 2019After 221 past bullish weather events, NATGAS moved a median +3.3% over 5 sessions (61% higher; middle half -5.2% to +14.0%), and -0.3% over 20.
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.
