
U.S. natural gas prices leapt to their highest level in more than four years as unusually cold weather spread across much of the country. Gas stocks were very low, so the market moved to conserve supply.
Analyst Kemp noted that high prices could prompt gas-fired power producers to cut run hours and could discourage LNG exports.
Scarce storage combined with a cold snap pushes prompt gas prices sharply higher, and that raises feed costs for buyers using natural gas-linked inputs such as DDGS and energy-intensive processing. Higher gas prices also shift power generation toward coal.
Setelah 221 peristiwa cuaca bullish sebelumnya, Gas Alam bergerak median +3,3% selama 5 sesi (61% lebih tinggi; separuh tengah -5,2% sampai +14,0%), dan -0,3% 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.
Describes prices reaching a four-year high on 2018-11-14 as cold weather spread and storage was very low, so the market moved to conserve supply.