NYMEX Henry Hub prompt-month hits 30-month high as US supply balance tightens

摘要

The NYMEX Henry Hub prompt-month gas futures contract surged to a 30-month high in early trading June 25 as concerns over US supply tightness continue to build fueled by a series of weak storage injections, stronger-than-anticipated summer power burn and persistently high export demand. In morning trading June 25, the July contract traded up to $3.508 before settling modestly lower to $3.496/MMBtu. The NYMEX Henry Hub July contract’s buoyancy has been mirrored in the balance-ofsummer and winter strips. The July-October 2021 contracts averaged $3.506/MMBtu and the winter strip, November 2021-April 2022, averaged $3.486/MMBtu on June 25, according to preliminary settlement data.