Is the cash market staring into a price abyss? It may have seemed so to some traders Tuesday as dollar-or-more plunges in several markets (Northeast, Dominion, Michigan citygates, Dawn and Western Canada) led a continued overall cratering of cash numbers. Losses at other points tended to range from small (Rockies and San Juan Basin) to 80-90 cents (Chicago).
Abyss
Articles from Abyss
No Holiday Cheer for Producers in Plunging Prices
Producers must have thought the Grinch was stealing Christmasearly when they saw the abyss-like depths to which December swingprices were sinking Monday. “I’ve never seen it [the spot market]dump so hard in my life!” exclaimed a Midcontinent trader.
December 1, 1998
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
