Northeast cash gas prices weaken amid dissipating demand

摘要

1.US Northeast cash gas prices weakened March 10 for the fourth consecutive day amid muted demand. 2.The cash price for Algonquin city-gate fell 37 cents to $2.37/MMBtu, while in Appalachia, Dominion South Point lost 7 cents on the day to change hands at $2.03/MMBtu for flows March 11. 3.Total demand in the Northeast region is set to total 17.6 Bcf March 11, nearly 10 Bcf lower than the seven-day prior average of 27.3 Bcf/d, according to data from S&P Global Platts Analytics. Demand is projected to rise slightly over the next eight to 14 days to average about 20 Bcf/d but this increase may not be enough to lift prices as production stays strong.