Natural gas futures fell sharply, and the previous weekend weather forecast showed that the weather would tend to warm in most parts of the US, thus dampening winter demand expectations. “There is still some optimism about the second half of the forecast, but the market is tired of waiting,” TP ICAP's Scott Shelton said in a report. He said the 1-15 day weather forecast is very warm, and its impact on the balance of supply and demand will require a bad weather event to offset, and the current cold temperatures “are still more like an incident in the northern region.” The price of natural gas on the New York Mercantile Exchange fell 5.6% to $3.414 per million British thermal units.

Natural gas futures fell sharply, and the previous weekend weather forecast showed that the weather would tend to warm in most parts of the US, thus dampening winter demand expectations. “There is still some optimism about the second half of the forecast, but the market is tired of waiting,” TP ICAP's Scott Shelton said in a report. He said the 1-15 day weather forecast is very warm, and its impact on the balance of supply and demand will require a bad weather event to offset, and the current cold temperatures “are still more like an incident in the northern region.” The price of natural gas on the New York Mercantile Exchange fell 5.6% to $3.414 per million British thermal units.