Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
The recent bullish move at the front of the Henry Hub curve has not been reflected in contracts further out likely driven by producer hedging of gas exposure for the future months according to Gelber & Associates.
- The premium for longer dated contracts has reversed direction since the beginning of the month with the December 2024 contract showing losses despite the front-month gains. Jun24 futures are up nearly $0.3/mmbtu since April 30 while Dec24 is down $0.05/mmbtu.
- The difference in pricing suggests a significant change in forward curve dynamics after seeing a strengthening contango for several months.
- This change in forward curve dynamics could represent an attractive opportunity for downstream market participants. Utilities have either had to pay elevated prices for forward hedges or remain unhedged and wait for more attractive prices.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok