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20 January 2019

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19-Jan-2019 (13:33)
Weekly Silver Review: COMEX Futures Extend Losses After Testing Highs Near $16 Level
19-Jan-2019 (13:24)
Weekly Crude Oil Review: WTI Futures Soar Near $54 Mark
19-Jan-2019 (13:19)
Weekly Gold Review: MCX Futures Hit Highs Near Rs 32400 Levels Before Easing
18-Jan-2019 (18:57)
Agri Commodities Review: Chana And Guarseed Slumps On Long Liquidation By Traders
18-Jan-2019 (18:11)
Gold Breaks Lower, COMEX Futures At One Week Low
18-Jan-2019 (18:01)
Natural Gas Tumbles, MCX Futures Down Nearly 5%

The Natural Gas futures tumbled sharply today as a retreat from near three weeks continued. Cues from equities are mixed ahead of the weekend but the Natural Gas traders sold heavily after the US Energy Information Administration (EIA) stated yesterday that working natural gas storage in the US was 2,533 billion cubic feet. This marked a net decrease of 81 billion cubic feet from the previous week and the current level is around 77 billion cubic feet less than last year at this time and 327 billion cubic feet below the five-year average of 2,860 billion cubic feet.

However, traders rather focused on the medium term supply outlook. In its January Short-Term Energy Outlook (STEO), released earlier this week, the EIA forecast that US dry natural gas production will average 90.2 billion cubic feet per day in 2019 and 92.2 billion cubic feet per day in 2020, higher than the average of 83.3 billion cubic feet in 2018. EIA also forecast that Henry Hub natural gas spot prices will average 2.89 US dollars per million British thermal units (MMBtu) in 2019 and 2.92 dollars per MMBtu in 2020, down from 3.15 dollars per MMBtu in 2018.

The prices plummeted today and the commodity currently trades at $3.31 per mmbtu, down 3% on the day. The MCX Natural Gas futures are currently trading at Rs 236.10 per mmbtu, down 4.76% on the day.

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18-Jan-2019 (15:30)
Cochilco Sees Copper Averaging $3.05 In 2019
18-Jan-2019 (15:18)
International Prices Of Imported Edible Oil At Domestic Ports As On 18th January, 2018
18-Jan-2019 (14:47)
Chana Up For Third Session, Arrivals Stay Low
18-Jan-2019 (13:43)
Commodities Buzz: EIA Expects Henry Hub Natural Gas To Average $2.89 In 2019
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