
Henry Hub February futures fell from $3.99 to $3.42/mmBtu in a week, and March contracts closed below $2.85. Bearish heating demand revisions for the first two weeks of January were projected to add roughly 300 Bcf to storage.
The analysis projects end-of-season storage near 1.85 Tcf under normal weather.
Heavier storage builds and lower heating demand expectations push forward curves lower, and a bearish February outlook could push end-of-season storage above 2 Tcf. That keeps downside pressure on prices.
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。
Analysis of bearish demand revisions adding about 300 Bcf to storage explains the market pricing in a mild winter, though it is dated slightly after the window.