The cash market once again displayed amazing resilience in achieving increases — most of them fairly substantial — at all points Friday. In doing so, it swam against the negative tide of milder weather returning to key northern market areas, prior-day screen weakness, a highly bearish storage situation and the usual decline of industrial load over a weekend.
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Bits of Firmness Mix With Overall Modest Losses
The first week of 2006 came to a close with the cash market continuing to display more resilience than would seem to be warranted in a period of unusually mild weather and following a storage report that shocked many by estimating a highly unusual small injection for the end of December and sent the screen to its third big loss in a row.
January 9, 2006
Weekend Market Not as Soft as Expected
Cash quotes fell Thursday at most points as expected, but the market displayed more resilience than some had anticipated by including a fair-sized number of flat (or a little higher in a couple of cases) locations in its overall mix.
March 28, 2005
Mixed Pricing Leans Slightly to the Downside
The swing market obviously had more resilience than some traders had expected because Tuesday’s prices ranged from up as much as about 15 cents to down more than a dime, defying predictions on Monday of overall softening.
November 24, 2004
Mixed Pricing Leans Slightly to the Downside
The swing market obviously had more resilience than some traders had expected because Tuesday’s prices ranged from up as much as about 15 cents to down more than a dime, defying predictions on Monday of overall softening.
November 24, 2004
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