EPIC RESEARCH MCX NATURAL GAS UPDATE OF 20 AUGUST 2018

Natural gas trading range for the day is 202.7-210.1. Natural gas prices gained supported by concerns of lower inventories, a day after government data showed lower-than-normal injection of the fuel into storage. Despite higher-than-expected weekly storage injection, inventories are still at a significant deficit compared to last year and the five-year average levels. As a result, the winter demand season is expected to begin with less than 3.4 trillion cubic feet of working gas storage. Production in the Lower 48 U.S. states averaged a record-high 81.7 billion cubic feet per day (bcfd) over the past 30 days.

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