Tag: Accurate Natural Gas Tips
We Provide Global News, Analysis, and Prices for the Natural Gas Market. For Profitable Tips:- https://www.youreasytrade.in/7302366166
Natural Gas Rose On Forecasts For Higher Demand Over The Next Two Weeks.
Natural gas prices saw a notable uptick of 1.45%, settling at 146.5, driven by forecasts of higher demand over the next two weeks. This increase in demand comes amidst a backdrop of reduced output, with several energy firms scaling back drilling activities and delaying well completions, leading to a 3% decrease in output over the past month. In addition to supply-side dynamics, the spot market witnessed mild weather conditions and ample renewable power supplies in the US West, contributing to record-low electric prices in California and Arizona. Despite these favourable conditions, US utilities withdrew 36 billion cubic feet (bcf) of gas from storage during the week ended March 22, surpassing market expectations and highlighting sustained demand.
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Natural Gas Rose On Forecasts For Higher Demand Over The Next Two Weeks.
Natural gas prices saw a notable uptick of 1.45%, settling at 146.5, driven by forecasts of higher demand over the next two weeks. This increase in demand comes amidst a backdrop of reduced output, with several energy firms scaling back drilling activities and delaying well completions, leading to a 3% decrease in output over the past month. In addition to supply-side dynamics, the spot market witnessed mild weather conditions and ample renewable power supplies in the US West, contributing to record-low electric prices in California and Arizona. Despite these favourable conditions, US utilities withdrew 36 billion cubic feet (bcf) of gas from storage during the week ended March 22, surpassing market expectations and highlighting sustained demand.
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Copper Gains As China’s Top Copper Smelters Proposal Of A 5-10% Production Cut.
Copper prices experienced a modest uptick of 0.21% yesterday, settling at 760.65, largely driven by China’s top copper smelters proposing a 5-10% production cut in response to tight raw material supplies. This move underscores concerns over the availability of copper, a crucial component in various industries. Despite ongoing challenges in Chinese manufacturing, including a projected sixth consecutive month of contraction in March, signs of a slower pace of decline indicate potential resilience in the face of economic headwinds.
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Copper Futures News Headline Presenting By https://www.metrotradingtips.inHave Questions Call Us At- 7454840856
Copper Gains As China’s Top Copper Smelters Proposal Of A 5-10% Production Cut.
Copper prices experienced a modest uptick of 0.21% yesterday, settling at 760.65, largely driven by China’s top copper smelters proposing a 5-10% production cut in response to tight raw material supplies. This move underscores concerns over the availability of copper, a crucial component in various industries. Despite ongoing challenges in Chinese manufacturing, including a projected sixth consecutive month of contraction in March, signs of a slower pace of decline indicate potential resilience in the face of economic headwinds.
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DATA’S NAME | CURRENCY | TIME |
Manufacturing PMI | CAD | 7:00pm |
Final Manufacturing PMI | USD | 7:15pm |
ISM Manufacturing PMI | USD | 7:30pm |
ISM Manufacturing Prices | USD | |
Construction Spending m/m | USD | |
BOC Business Outlook Survey | CAD | 8:00pm |
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DATA’S NAME | CURRENCY | TIME |
Manufacturing PMI | CAD | 7:00pm |
Final Manufacturing PMI | USD | 7:15pm |
ISM Manufacturing PMI | USD | 7:30pm |
ISM Manufacturing Prices | USD | |
Construction Spending m/m | USD | |
BOC Business Outlook Survey | CAD | 8:00pm |