Natural Gas futures losses in the Domestic Market

 

Natural gas update - Natural Gas futures extended losses in the domestic market on Friday, sinking to the lowest level since 2012 in the overseas market as investors and speculators exited positions in the energy commodity as warmer-than-average temperatures in the US curbed gas-fired heating demand, keeping storage to a near-record high of 4 trillion cubic feet. Despite a 76 billion cubic feet stockpile withdrawal in the week ended December 4, natural gas inventories in the US at 3.880 trillion cubic feet remain 11.7 per cent higher than the year ago levels and 6.1 per cent above the five-year average. About 49 per cent of US households use natural gas for heating purposes. At the MCX, Natural Gas futures for December 2015 contract closed at Rs 134.3 per mmBtu, down by 0.74 per cent, after opening at Rs 134.2, against the previous closing price of Rs 135.3. It touched an intra-day low of Rs 131.8.

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Natural Gas Down 1.7 per cent in the Domestic Market

 

Commodity Updates - Natural Gas Down by over 1.7 per cent in the domestic market on Wednesday as investors and speculators left positions in the energy commodity tracking a weak trend in the overseas market amidst caution ahead of the weekly US storage data which may signal the strength of the fuel in the world’s biggest economy.

The EIA may on Thursday say that US gas inventories fell by 5 billion cubic feet in the week ended November 27, 2015. Gas supplies fell by 22 billion cubic feet in the same week a year ago, while the five- year average withdrawal for the same period was 11 billion cubic feet.

Latest weather forecasting models called for mild weather in the US in early December, limiting the need for gas-fired at offices and homes.At the MCX, Natural Gas futures for December 2015 contract closed at Rs 145.10 per mmBtu, down by 1.76 per cent, after opening at Rs 148.5, against the previous closing price of Rs 147.7. It touched an intra-day low of Rs 144.6.

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Natural Gas futures Extended Their Bearish Ride

 

Mcx commodity tips - Natural Gas futures extended their bearish ride, plummeting by over 2 per cent in the domestic market on Thursday as investors and wanderr exited positions in the energy commodity amidst record high storage levels.


Tepid gas-fired heating demand in the US amid a warmer than average start to the winter has pushed stockpiles of the fuel to an all-time high of 4.01 trillion cubic feet.

United States gas supplies climbed by 9 billion cubic feet in the week ended November 20/15, trumping analysts’ expectations for a rise of 4 billion cubic feet.

Stockpiles are above 16 per cent the year ago levels and about 6.7 per cent above the five-year average.

At the MCX, Natural Gas futures for December 2015 contract closed at Rs 150.7 per mmBtu, down by 2.5 per cent, after opening at Rs 153.5, against the previous closing price of Rs 154.5. It touched an intra-day low of Rs 150.2.

 

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Natural Gas futures Drop Ahead of Storage Data

commodity updates - Natural Gas futures Ended Down in the domestic market on Thursday as investors and speculators stayed cautious ahead of Thursday’s weekly storage data which may signal the strength of the demand for the heating fuel in the world’s biggest economy.
 

In the week ended November 6, US gas supplies climbed by 49 billion cubic feet, the EIA said.
 

Meanwhile, colder than normal weather forecasts in parts of the US bolstered the demand outlook for the heating fuel, trimming losses in natural gas futures. November to March is the peak US gas heating season. About 49 per cent of US households use natural gas for heating .
 

At the MCX, Natural Gas futures for November 2015 contract closed at Rs 155.9 per mmBtu, down by 0.95 per cent, after opening at Rs 157.1, against the previous closing price of Rs 157.4. It touched an intra-day low of Rs 154.6.

 

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Natural Gas futures spiked more than 3 per cent

Natural Gas futures spiked more than 3 per cent in the domestic market on Friday as investors and speculators booked newest positions in the energy commodity tracking a bullish trend in the overseas market as a smaller than expected increase in US stockpiles and cold weather forecasts boosted sentiment.

US gas supplies climbed 49 billion cubic feet to 3.978 trillion cubic feet in the week ended November 6, below the expected rise of 51 billion cubic feet, and down from the 52 billion cubic feet rise in the prior week. Supplies had risen 40 billion cubic feet in the same week last year while the five-year average increase was 30 billion cubic feet.

At the MCX, Natural Gas futures for November 2015 contract closed at Rs 155.1 per mmBtu, up by 3.06 per cent, after opening at Rs 151.4, against the previous closing price of Rs 150.5. It touched an intra-day high of Rs 157.5.

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Natural Gas Ended Higher in the Domestic Market

Natural Gas ended higher in the domestic market on Thursday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as a smaller than expected rise in US storage levels signaled a pickup in demand for the fuel in the world’s biggest gas consumer.

US gas supplies climbed by 63 billion cubic feet to 3.877 trillion cubic feet in the week ended October 23, 2015, the EIA said. Analysts were expecting US gas supplies to climb by 69 billion cubic feet last week, while the five-year average injection was 81 billion cubic feet and supplies rose 87 billion cubic feet in the same period a year ago.

 

At the MCX, Natural Gas futures for November 2015 contract closed at Rs 149.3 per mmBtu, up by 0.13 per cent, after opening at Rs 150.10, against the previous closing price of Rs 149.10. It touched an intra-day high of Rs 155.9.

 

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Natural Gas Futures Tumbled by More than 2% in the Domestic Market

 Natural Gas futures tumbled by more than 2 per cent in the domestic market on Thursday as investors and speculators exited positions in the energy commodity tracking weakness in the overseas market as a bigger than expected build in weekly stockpiles in the US signaled tepid demand for the fuel in the world’s biggest fuel consumer.

US gas stockpiles climbed by 100 billion cubic feet to 3.733 trillion cubic feet in the week ended October 9, 2015, topping analysts’ expectations for a rise of 93 billion cubic feet, and following a 95 billion cubic feet rise in the prior week, while the five-year average injection for the period was 87 billion cubic feet.

Total storage levels are 447 billion cubic feet higher than a year ago and 168 billion cubic feet above the five-year average for this time of the year.

At the MCX, Natural Gas futures for October 2015 contract closed at Rs 159.9 per mmBtu, down by 2.32 per cent, after opening at Rs 164.2, against the previous closing price of Rs 163.7. It touched an intra-day low of Rs 159.5.Read More -Natural Gas News

 

 

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Natural Gas futures Climbed in the Domestic Market on Monday

 

Natural Gas futures climbed in the domestic market on Monday as investors and speculators booked fresh positions in the energy commodity tracking gains in the overseas market as forecasts for cold temperatures across key gas consuming regions of the US bolstered the demand outlook for the heating fuel in the world’s biggest economy.

Latest weather forecasting models called for below-normal-temperatures throughout the East Coast from October 17 to October 21.

About 49 per cent of US households use natural gas for heating purposes.

At the MCX, Natural Gas futures for October 2015 contract closed at Rs 164.7 per mmBtu, up by 0.98 per cent, after opening at Rs 164, against the previous closing price of Rs 163.1. It touched an intra-day high of Rs 165.7.

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Natural Gas Extends Losses On Weak Demand Outlook

Natural Gas futures tumbled more than 1.5 per cent in the domestic market on Monday as investors and speculators exited positions in the energy commodity tracking a weak trend in the overseas market amidst expectations of a seasonal decline in demand as the end of the summer season curbs consumption of gas-fired electricity to run air conditioners at offices and homes.

NatGasWeather.com expects natural gas demand in the US to be low compared to normal through September 26, 2015.

About 49 per cent of US households use natural gas for cooling purposes.At the MCX, Natural Gas futures for September 2015 contract closed at Rs 169.5 per mmBtu, down by 1.57 per cent after opening at Rs 172, against the previous closing price of Rs 172.2. It touched the intra-day low of Rs 168 till the closing.

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Natural Gas futures Ended on a Bearish Note in the Domestic Market

Natural Gas futures ended on a bearish note in the domestic market on Tuesday as investors and speculators indulged in profit booking in the energy commodity after stellar gains in the previous session when unusually warm weather in the eastern half of the US bolstered the demand outlook for the power plant fuel.

Temperatures may be above normal in the Northeast and Central US from September 19 through September 28, 2015, the WSI Corp reported.

The US is the world’s biggest consumer of natural gas, where about 49 per cent of households use the power plant fuel for cooling purposes as warmer temperatures boost the need for gas-fired cooling at offices and homes. At the MCX, Natural Gas futures for September 2015 contract closed at Rs 182.6 per mmBtu, down by 0.60 per cent after opening at Rs 184.3, against the previous closing price of Rs 183.7. It touched the intra-day low of Rs 182 till the closing.

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Natural gas futures Advanced Moderately in the Domestic Market

Marking a bullish finish to the week, natural gas futures advanced moderately in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity tracking a firm trend in the overseas market as forecasts for warmer weather in the US’ Western region bolstered the demand outlook for the fuel which is used to fire up power plants as need for cooling arises at offices and homes.

About 49 per cent of American households use natural gas for cooling purposes.

Supplies were 473 billion cubic feet higher than year ago levels and 127 billion cubic feet above the five-year average of 3.134 trillion cubic feet for this time of year, signaling adequate storage levels, trimming gains in the fuel.

At the MCX, Natural Gas futures for September 2015 contract closed at Rs 179.90 per mmBtu, up by 0.33 per cent after opening at Rs 179.30, against the previous closing price of Rs 179.30. It touched the intra-day high of Rs 181.20 till the closing.

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Natural Gas boosts Upbeat demand outlook

 

Natural Gas futures rallied strongly in the domestic market on Friday as investors and speculators booked fresh positions in the energy commodity as forecasts for warmer weather in key US gas consuming regions bolstered the demand outlook for the power plant fuel which is used to fire up air conditioners at offices and homes.

Latest weather forecasting models have called for hot weather in most parts of the southern and western US in the coming days, lifting the need for gas fired cooling.

About 49 per cent of US households use natural gas for cooling purposes.
Meanwhile, US gas supplies climbed by 69 billion cubic feet to 3.099 trillion cubic feet in the week ended August 21, topping expectations for a 53 billion cubic feet increase.

At the MCX, Natural Gas futures for September 2015 contract closed at Rs 181 per 1 kg, up by 1.57 per cent after opening at Rs 178, against the previous closing price of Rs 178.20. It touched the intra-day high of Rs 181.70 till the closing.

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