The start of Spring was filled with warmer weather and some ups/downs in the natural gas cash pricing environment that led to many hubs trading close to the marginal cost of production once again. That started to change mid-month only to have the market fundamentals prove otherwise.
Figure 1 | LNG Daily Noms
Once of the key components continues to be tied to the LNG sector as several facilities were offline for maintenance while Freeport was having problems with all three trains. Without this demand, the supply componet was winning out. One can purchase the content of this report by clicking the button below or subscribe to the Platinum/Platinum Plus eCommerce package offered on a monthly or annual basis to which you would get access to future and past publications.