# ANALYSIS: Southeast, Texas gas storage surpluses risk another cash-market rout at Henry Hub

> Henry Hub cash gas traded near $1.89 per MMBtu after falling to $1.335 earlier in October, a level close to a 21-year low. Storage in the US Southeast and Texas reached record highs near capacity limits. Analysts flagged downside risk from softer power burn and LNG feedgas demand.

- Date: 2020-10-06 · published 2020-10-06T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9682-analysis-southeast-texas-gas-storage-surpluses-risk-another-cash-market-rout-at
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Record storage and soft demand suggest continued pressure on Henry Hub prices, keeping natural gas cheap for US processors and fertilizer producers ahead of winter.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/natural-gas/100620-southeast-texas-gas-storage-surpluses-risk-another-cash-market-rout-at-henry-hub

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.