NATGAS: Natural Gas End of Day Summary: Henry Hub Continues Rally
Feb-13 19:13
Henry Hub has pared some earlier gains but is still on track for its highest close since Jan. 27.
- US Natgas MAR 25 up 1.9% at 3.63$/mmbtu
- US Natgas APR 25 up 1.4% at 3.62$/mmbtu
- The EIA weekly gas inventories for the week ending Feb. 7 showed a withdrawal of 100bcf, roughly in line with expectations. The seasonal five-year average was a net withdrawal of around 144bcf.
- Total stocks are down to 2,297bcf and 248bcf below levels seen a year ago and 67bcf below the previous five-year average of 2,364bcf.
- US LNG export terminal feedgas has hit a new record high at 15.39bcf/d today, Bloomberg shows.
- The NOAA forecast shows below normal in most of the US in the 6–10-day period but with warmer weather spreading from the west in the 8–14-day period.
- US domestic natural gas production is 104.9bcf/d today, while lower 48 demand is 119.0bcf/d, Bloomberg shows.
- European gas storage withdrawals are above normal again as stores fall to 47.24% full on Feb. 11, according to GIE, compared to the previous five year average of 55.7%.
- LNG loading disruptions from Western Australia due to category 5 Tropical Cyclone Zelia are bullish for JKM because Japanese importers will seek short-notice replacement cargoes, Platts said.
- Mexico’s government plans to boost natural gas production from Pemex to 5 bcm/y by 2030, NGI reported.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
US STOCKS: Late Equities Roundup: Second Half Recovery, Banks Up Ahead Earnings
Jan-14 19:08
- Stocks have recovered from midday lows and are making moderate gains in late trade - still off this morning's post-data knee-jerk highs as accounts square risk and migrate to the sidelines ahead of Wednesday's key CPI inflation data.
- Currently, the DJIA trades up 206.18 points (0.49%) at 42504.32, S&P E-Minis up 20 points (0.34%) at 5894, Nasdaq up 46.2 points (0.2%) at 19133.11.
- Utilities continue to outperform while Financial sector shares have gained momentum in the second half. Independent power and electricity providers rebounded after Monday's selling: Vistra +4.91%, Constellation Energy +3.09%, NRG Energy +2.42%.
- Banks and financial services shares led gainers in the second half - taking some risk with banks kicking off the latest earnings cycle tomorrow: Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, followed by M&T Bank, US Bancorp, Morgan Stanley and PNC on Thursday.
- Leading gainers included Citizens Financial +3.74%, Huntington Bancshares +2.81, Fifth Third +2.8% and Discover Financial Services +2.64%.
- On the flipside, Health Care and Communication Services continued to underperform in late trade. Pharmaceuticals weighed on the Health Care sector: Eli Lilly -6.5% after phase 1 trials of it's weight loss drug were terminated, Charles River Labs -5.35%, Biogen -3.64% and Moderna -2.87%.
- Interactive media and entertainment shares weighed on the Communication Services sector: Meta -1.83% amid reports of staff reductions of lowest 5% performers, Netflix -0.62%, Alphabet -0.32%.
US TSY OPTIONS: UPDATE: Large Mar'25 10Y Call Buy Update
Jan-14 18:49
- over +128,600 TYH5 108.5 calls on the day from 27 to 29 vs. futures from 107-08.5 to -11 on an appr 0.30% delta
US: FED Reverse Repo Operation
Jan-14 18:21
RRP usage retreats to $160.219B this afternoon from $183.669B on Monday. Compares to $98.356B on Friday, December 20 - the lowest level since mid-April 2021. The number of counterparties rises to 59 from 51.
