US NATGAS: Cali Natgas Fundamentals

Jun-06 18:24

Total state-wide demand in California is 4.64bcf/d, down by around 0.2bcf/d. Demand is 0.03 bcf/d, or 0.6% below the 30-day average.

  • End user demand is down 193 mcf/d to 3.89 bcf/d. This compares to the 30-day average of 3.92 bcf/d.
  • Cali state-wide CDDs for the next 14 days are 48 above normal. LA's CDDs for the next 14 days are 95 above normal. San Francisco's CDDs for the next 14 days are 17 below normal.
  • Inflows into Cali are up 248 mmcf/d to 2.19 bcf/d, with PNW inflows offsetting a drop into Socal.
  • Net inflows into Malin are up 64 mmcf/d today to 340 mmcf/d.
  • Exports to Mexico are 2.9% higher today at 0.46bcf/d. This compares to the 30-day average of 0.44 bcf/d.
  • All demand, supply, and pipeline flows data is from Bloomberg at the time of publishing and is subject to updates throughout the day.

Historical bullets

US TSY OPTIONS: Jun'25 10Y Call Sale

May-07 18:23
  • -11,500 TYM5 113 calls, 11 ref 111-16

STIR: Dec'25 SOFR Midcurve Call Spread Sale

May-07 18:21
  • -5,000 0QZ5 97.50/98.00 call spds 9.0 ref 96.90

US TSYS: Extending Highs

May-07 18:17
  • Treasury futures are pulling higher, curves mixed as Bonds start to speed up: 2s10s -1.628 at 49.145, 5s30s+.381  at 90.510.
  • Tsy Jun'25 10Y futures currently +11 at 111-21 vs. -22 high (10Y yld at 4.2635%), initial technical resistance well above at 112-01.5 (High May 2). For bulls, price needs to trade above key short-term resistance at 112-20+, the May 1 high, to reinstate a bullish theme.
  • Stocks mixed -- the Dow still outperforming while SPX and Nasdaq extend lows:
    • DJIA up 21.99 points (0.05%) at 40850.22
    • S&P E-Mini Future down 25.75 points (-0.46%) at 5601.25
    • Nasdaq down 172.4 points (-1%) at 17518.89