Approximating

In what a Midcontinent/Midwest trader called the first “real” spell of something approximating winter that the market has seen so far this season, cash prices made a huge turnaround Monday from the serious weakness they had shown heading into the weekend. Nearly all points rose at least 30 cents, and gains of half a dollar or more were not uncommon. Appalachian pipe CNG and some Northeast citygates peaked at $3 or more, a marketer said. NGI’s Henry Hub average gained 40 cents to $2.14.