Bulls were clearly in the driver’s seat for the week ending Nov. 22. The NGI National Spot Gas Average rose 11 cents to $3.69, and all actively traded points scored gains. Leading the pack higher was the trading at the Algonquin Citygates Friday for weekend and Monday delivery with a whopping $9.51 rise to $14.01. For the week, prices at the Algonquin Citygates rose a hefty $1.07 to $6.96. Other Northeast points weren’t far behind.Tennessee Zone 6 200 L added 80 cents to $6.57 and Iroquois Zone 2 was up 49 cents to $4.67. Deliveries to Transco Zone 6 New York added 44 cents to $4.08.
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Northeast Cold Brings Price Spikes; Algonquin Citygate Averages $14.01/MMBtu
Spot natural gas for weekend and Monday delivery jumped on average 53 cents in Friday’s trading, thanks to multi-dollar surges at points in the Northeast ahead of the region’s first real freeze.
Cash, Futures Trudge Higher Ahead Of Cold
Natural gas for delivery Friday on average added 7 cents in Thursday’s trading. A handful of points in the East and Northeast lost ground, but otherwise gains anywhere from a nickel to a dime were widespread.
Physical Gas Inches Higher, But Futures Post Double-Digit Gains
Natural gas for delivery Thursday was unchanged on average in Wednesday’s trading, but if the transportation-challenged points in New England were taken out of the equation, the overall cash market posted a gain of a nickel as most points nationally trended higher.
Physical, Futures Rumble Lower; December Drops 6 Cents
Physical gas for delivery Wednesday took a cue from the screen and on average was 4 cents lower in Tuesday’s trading.
Exuberant Cash Market Outshines Lagging Futures
Physical natural gas for Tuesday delivery bounded higher nationally by an average of 21 cents Monday led by dollar-plus gains at some New England points. Even without those points the market soared by an average of 17 cents. Gains were deep and widespread.
Overall Strength Offset By Eastern Drops; Futures Add A Nickel
Physical gas for weekend and Monday delivery on average was unchanged in Friday’s trading, and although most points showed gains of a nickel or more, forecasts of mild temperatures in New England and at eastern points prompted double-digit declines and offset what otherwise was broad market strength.
Week’s Cash and Futures Trading Winds Down With Gains All Around
For the week ending Nov. 15 the NGI National Spot Gas Average posted a healthy 13 cent gain to average $3.58 with only one Rockies point and a handful of Northeast locations failing to make it to the positive side of the trading ledger. Of all the market points the Northeast was home to the week’s biggest winner and also the biggest loser.
Physical Gas Falters, Yet Futures Keep Movin’ On Up
Physical gas for Friday delivery fell hard and fell often as prices averaged a decline of 19 cents nationally in Thursday’s trading. No actively traded point registered gains and most points tumbled anywhere from a dime to 20 cents.
Milder Weather Prompts Cash Plunge, Futures Slide; December Off A Nickel
Natural gas for delivery Thursday fell 22 cents on average, but if the multi-dollar losses at New England points are factored out, the decline was a more modest 8 cents. Weather forecasts showing a warming trend pulled the plug on the bulls’ aspirations and futures softened as well.