Regional natural gas forward prices came under bearish pressure across the curve during the Jan. 25-31 trading period as recovering production volumes and blowtorch winter temperatures foreshadowed excess supply heading into the upcoming injection season.

Henry Hub fixed prices shed 16.0 cents for March delivery, ending the period at $2.112/MMBtu, NGI’s Forward Look data show. In turn, numerous Lower 48 hubs posted March fixed price discounts of around 15-20 cents week/week.

Mixed Near-Month Moves

Price action for the period was a bit more mixed for February delivery. 

February fixed prices at a handful of East Coast demand hubs saw heftier discounts amid recent balmy temperatures regionally.

Cove Point tumbled to $4.460 for February, down 46.4 cents for the period....