US natural gas futures fell on a milder February outlook after spot prices surged during holiday-weekend cold. The Nymex front month was down 3.6% at $3.807/MMBtu.
Analysts said freeze-offs were smaller than feared, allowing physical prices to retreat.
Expected milder heating demand reduces near-term gas burn and pressures energy input costs for feed producers, such as those using gas-fired drying and processing. Lower gas prices can also weigh on ethanol-linked DDGS economics.
過去の弱気な天候イベント104件の後、天然ガス は5営業日で中央値 -7.8% 動き(22% が上昇。中央50%は -14.8% から -0.8%)、20営業日では -3.3% 動きました。
イベント直前の終値からの各商品ベンチマークの動き。過去の傾向は同種の過去イベントをまとめたものであり、起きたことを示すもので、今後を示すものではありません。投資助言ではありません。
Milder February outlook and smaller-than-feared freeze-offs cut heating demand expectations and eased physical prices, driving the front-month lower on the day.
A milder February outlook and smaller-than-feared freeze-offs let futures fall as the cold-driven premium faded.