EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 JUNE 2016
Posted by Unknown on 12:19:00 with No comments
Naturalgas trading range for
the day is 180-191.
Natural gas prices rose pushing back toward the 10-month highs set last week as power-sector demand keeps supporting the market.
Demand has kept rising in recent weeks, confounding some who expected the rally would lead power plants to buy other fuels instead.
Hotter weather has increased power demand, average daily gas consumption has climbed to more than 65bcf a day in June, up about 1.6% from May.
Natural gas prices rose pushing back toward the 10-month highs set last week as power-sector demand keeps supporting the market.
Demand has kept rising in recent weeks, confounding some who expected the rally would lead power plants to buy other fuels instead.
Hotter weather has increased power demand, average daily gas consumption has climbed to more than 65bcf a day in June, up about 1.6% from May.
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