21 January Natural Gas Updates for Commodity Market

Natural Gas futures expanded a rout in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity tracking a bearish trend in the overseas market as forecasts for dimishing US weather menance to restraint heating desired for the fuel in the world’s largest fuel user. Commodity Weather Group, LLC estimated above normal temperatures from the Great Plains through Florida over the next five days with seasonal or maximum readings through 29 January 2015.

At MCX, Natural Gas futures for January 2015 contract ended at Rs 175.90 per 1 kg, downward by 3.72 % after opening at Rs 183.7, against the last day of ending price of Rs 182.7. It touched the intra day low-lying of Rs 186.2 till the ending.