I have seen $2.75 as the price that PRB coal generation
begins to switch back to coal. Not sure what coal price
is used in that assumption
Still chipping away at the surplus
|
|
US |
UK |
UK$-US$ |
|
|
JUN |
$2.72 |
$8.58 |
5.86 |
54.23 |
|
JUL |
$2.79 |
$8.75 |
5.96 |
55.28 |
|
AUG |
$2.83 |
$8.82 |
5.99 |
55.73 |
|
SEP |
$2.86 |
$8.99 |
6.13 |
56.83 |
|
OCT |
$2.93 |
$9.35 |
6.42 |
59.10 |
|
NOV |
$3.15 |
$10.19 |
7.04 |
64.39 |
|
DEC |
$3.43 |
$10.68 |
7.25 |
67.45 |
|
JAN |
$3.58 |
$10.99 |
7.41 |
69.45 |
|
FEB |
$3.58 |
$0.00 |
|
|
|
MAR |
$3.56 |
$0.00 |
|
|
|
APR |
$3.52 |
$0.00 |
|
|
|
MAY |
$3.56 |
$0.00 |
|
|
|
JUN |
$3.60 |
$0.00 |
|
|
|
JUL |
$3.66 |
$0.00 |
|
|
|
AUG |
$3.66 |
$0.00 |
|
|
|
SEP |
$3.68 |
$0.00 |
|
|
|
OCT |
$3.70 |
$0.00 |
|
|
|
|
05-18 |
|
|
|
|
|
|
|
|
|
| COT update non-commercial options + futures |
|
|
Net Pos |
WOW Chng |
Sentiment |
|
|
CL |
+248,634 |
-686 |
sl less long |
|
|
|
|
|
|
|
NG |
-108,546 |
+4,983 |
sl less short |
|
|
this week |
last week |
|
|
|
$ / £ |
1.5827 |
1.6083 |
$ |
higher |
|
|
|
|
|
|
|
US |
higher |
|
|
|
|
UK |
lower |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jan-13 |
$3.58 |
Jun-13 |
$3.60 |
|
|
Jan-14 |
$4.11 |
Jun-14 |
$3.89 |
|
|
Jan-15 |
$4.37 |
Jun-15 |
$4.09 |
|
|
Jan-16 |
$4.55 |
Jun-16 |
$4.26 |
|
|
Jan-17 |
$4.73 |
Jun-17 |
$4.43 |
|
|
Jan-18 |
$4.90 |
Jun-18 |
$4.59 |
|
|
|
|
|
|
|
|
Jan-20 |
$5.30 |
first $5 |
|
|
|
Dec-21 |
$5.69 |
no $6 |
|
|
|
|
|
|
|
|
|
NG Storage Surplus per Robry |
|
|
|
|
|
|
|
|
|
|
|
change |
chg/day |
|
|
13-Apr |
853 |
|
|
|
|
20-Apr |
857 |
4 |
0.6 |
|
|
27-Apr |
816 |
-41 |
(5.9) |
|
|
11-May |
734 |
-82 |
(5.9) |
|
|
18-May |
719 |
-15 |
(2.1) |
|
|
|
|
|
|
|
|
6 weeks total injection - since Apr 1 -141 YOY |
|
23.5/week or
3.4 Bcfd lower |
|
|
|
|
|
|
|
|
