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Wednesday, 3 October 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 03 October 2018

Naturalgas trading range for the day is 216.4-234.6.

* Natural gas rose on expectations that hotter-than-normal weather for the next two weeks will increase cooling demand, offsetting record production.

* Latest weather models show above-normal temperatures through mid-October driving electric demand estimates higher than forecasts from late last week.

* Production in the Lower 48 U.S. states averaged a record high 85.2 billion cubic feet per day (bcfd) during the past 30 days.

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