North American natural gas futures found a little momentum on Thursday. The May New York Mercantile Exchange contract settled at $1.763/MMBtu, up 4.5 cents on the day.

Earlier in the week, the April contract rolled off the board at $1.575.

Despite some momentum in cash prices, the Daily Henry Hub price has not surpassed $2/MMBtu since early February. 

Amid sub-$2 prices, Mexico imports of natural gas have remained steady. Over the past 10 days through Thursday, cross-border pipeline flows were 6.46 Bcf/d, down slightly from the previous 10-day period, according to NGI calculations.

March imports through Thursday were basically flat with February figures at 6.56 Bcf/d. This was despite the fact that the Waha pricing point in West Texas, a key hub for Mexico contracts,...