Last Updated : September 03, 2011 19:50
Barclays: US nat gas prices may not drop below $4/MMBtu
LONDON (Commodity Online): US gas markets were whipsawed on the week. As Hurricane Irene approached the eastern US, it was clear the storm would wash away demand (by cutting power to customers), without affecting supply.
The first trading day after the storm, markets sank on news of widespread and prolonged power outages, but the following day gas prices more than recovered, boosted by weaker-than-expected supply news, data that industrial demand continued to grow through the year and threats of new tropical storms.
On the week, gas prices were up 4-5% across the curve. We continue to believe gas prices will not fall far below $4/MMBtu for any protracted period of time.
NCDEX SUGARM200JUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
