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Wednesday 3 April 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 3 April 2019

Naturalgas trading range for the day is 182.6-191.6.

Natural gas edged lower on forecasts for less demand for the fuel next week while output remains near record levels.

Utilities likely added 3 billion cubic feet (bcf) of gas to inventories during the week ended March 29, which would be the first storage increase of the year.

Data provider Refinitiv projected demand in the Lower 48 U.S. states would average 91.0 billion cubic feet per day (bcfd) this week.

Volumes were down because the market has become much less volatile over the past couple of months as the weather moderated with the approach of spring.

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