With the hottest temperatures of the summer expected to soon reside in the market’s rearview, natural gas forwards receded during the Aug. 5-11 trading week, including large markdowns in the western United States, NGI’s Forward Look data show.

Discounts of around a dime or more in fixed price prompt-month forwards were the norm for most Lower 48 hubs, keeping pace with an 8.1-cent decline at national benchmark Henry Hub during the period.

After breaking decisively above $4/MMBtu, Nymex Henry Hub futures saw their fortunes change during the Aug. 5-11 time frame. As of Thursday’s close, the September contract had posted losses in three of the previous four sessions, including a sharp 12.6-cent decline to settle at $3.933 Thursday.

LNG Subdued, Tropics Stirring

The...