MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US Henry Hub Falls Towards Weekly Low

NATGAS

US Natgas falls back towards the lows of the week at 2.395$/mmbtu after a smaller than expected draw in US gas inventories yesterday and with warming weather in the east. Front month is down from a high of 2.66$/nmmbtu on 14 March with bearish wider market concerns also weighing on prices.

    • US Natgas APR 23 down -4.3% at 2.41$/mmbtu
  • The weather forecast shows temperatures on the far east coast moving above normal in the 6-14 day period while western areas hold onto the cooler weather. Lower 48 dry gas consumption is today estimated just above normal at 82.4bcf/d today according to Bloomberg.
  • EIA weekly gas inventories for the week ending 10 Mar showed a -58bcf draw compared to the 5-year average for this time of year of -95bcf. Total US inventories are near the top of the five year range at 1,972bcf.
  • Pipeline natural gas deliveries to the US LNG export terminals are steady at 13.72bcf/d with supply to Freeport LNG still around 1bcf/d.
  • US production is today estimated relatively unchanged from yesterday at 99.6bcf/d and still well above levels of about 95bcf/d seen this time last year. Exports to Mexico are also unchanged at 5.8bcf/d.
USEnergy BulletsPower BulletsCommodities
USEnergy BulletsPower BulletsCommodities

To read the full story

Close

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.