
October natural gas futures settled at $1.835 per MMBtu, down 21.3 cents, the first close below $2.00 since early August. The decline followed lower LNG feed gas flows, a seasonal maintenance outage at Cove Point LNG and forecasts of milder Midwest temperatures.
Lower LNG feed gas demand and milder weather reduce near-term gas prices, which eases energy and fertilizer costs for feed producers. The effect is mostly on the energy complex.
Setelah 104 peristiwa cuaca bearish sebelumnya, Gas Alam bergerak median -7,8% selama 5 sesi (22% lebih tinggi; separuh tengah -14,8% sampai -0,8%), dan -3,3% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
October futures fell 21.3 cents to $1.835 on lower LNG feedgas, Cove Point maintenance and milder forecasts, which is the immediate preceding sell-off that fed the volatility.