As bidweek continued into a second day Thursday (April 25), baseload prices maintained the weak tenor established in Wednesday’s opener, according to NGI’s Bidweek Alert (BWA).

Deal volumes were predominantly lower from Wednesday levels. Bidweek trading concludes on Friday.

Leading on volume, Dawn in the Midwest saw 249,000 MMBtu/d in total volumes traded in 64 deals. Its basis trading averaged at minus 18.5 cents, while fixed-price deals averaged at $1.435/MMBtu, BWA data show. Physical basis trading averaged minus 19.5 cents on Monday when no fixed trades were reported. These levels for May compared with Dawn’s April bidweek averages of $1.590 on a fixed-price basis and plus 1.25 cents in basis trade, according to NGI’s Bidweek Survey.

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Related topics: Appalachian Basin Bidweek Dawn eia storage report EQT Corp. Mvp NYMEX Transco Zone 5

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