Natural Gas Prices Trend and Forecast

Natural Gas Prices Trend and Forecast North America In Q1 2023, the Natural Gas Prices in the US showcased a bearish price trend in the succeeding months. Falling Henry Hub Natural Gas cost with declining dry Natural Gas producon came about in slow than- ancipated growth in US Natural Gas producon. On 22nd Feb, the Freeport LNG exports terminal came into a funcon but unexpectedly canceled some cargoes due to a problem with one of its three liquefacon trains, raising fears that operaons might take longer than expected. In March, the price of Natural Gas in the USA declined to USD 2.45 per MMBtu Ex-Louisiana. The trade volume of Natural Gas shrunk this quarter, which affected the profit margin and sales among the significant producers. Asia Pacific Prices connued to follow a declining trend with limited consumpon and adequate product inventories. In China, the Natural Gas price slumped to its lowest during March 2023 with the price trend of 2.48/MMBtu Ex-Shanghai. China's import of Liquefied Natural Gas Prices drooped as the region sloped up domesc producon, and pipeline imports brought about product stockpiling. Unexpectedly mild weather and adequate product in storage volumes constrained the producers to bring down their cost paern this quarter. The decline in Natural Gas consumpon from downstream power generaon and heang equipment has also adversely affected the price trend. In Feb 2023, the momentum in trading of Natural Gas markets swung away from Europe and back to Asia; however, the unobtrusive increase in demand was not sufficient to elevate spot costs. Europe The Natural Gas prices remained on the lower end this quarter, with weak benchmark futures for February and March 2023. Towards the end of the quarter, Gas storage tanks in Europe were 56% full and were being used by downstream industries. Industries started to increase the consumpon of Natural Gas, indicang which indicated a promising sign that petrochemical ventures are stepping up their demand. Nevertheless, the recovery in the industrial producon units was slow. In March 2023, the price of Natural Gas in Germany slipped to Euro 44.31/ MW-hr. The demand for Natural Gas from the downstream power generaon and heang equipment declined, and the European market players struggled with adequate inventories and increasing costs for storage containers. ChemAnalyst addresses the key problemac areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It idenfies and analyses factors such as geopolical risks, environmental risks, raw material availability, supply chain funconality, disrupon in technology and so on. It targets market volality and ensures clients navigate through challenges and pialls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefing domesc as well as global industry in tuning in to the real-me data points to execute mul-billion-dollar projects globally.

Natural Gas Prices Trend and Forecast

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