Natural gas prices will continue to hold firm and firmer. The prices of U.S. benchmark Henry Hub continues to edge up to higher averages of British Thermal Units (mmbtu). Although underground storeage in the United States us somewhat below record levels of prices and volumes of natural gas.
It is never the less seasonally quite elevated . Further , net injections into inventories during the past few weeks has been exceeded. Prices have buckled under the weight of record high inventories with Henry Hub falling from averages . It has been increasingly clear that storm related cost factoring variables have not come into play and kicked in terms of pricing and foreign currency levels adjustment.
Increased demand and expectations of increased demands for natural gas for power generation and falling imports from Canada have kept the forward curve elevated and rising.
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