Agri tips & Ncdex Updates : Natural Gas futures closed unchanged in the native market on yesterday as investors, observers & speculators stayed cautious over booking fresh positions in the energy commodity ahead of the weekly US supplies data which will indicate the strength of the requirement for the fuel in the world’s biggest fuel consumer.
Analysts expect US(United States) gas supplies to have risen by 92 billion cubic feet in the week ended October 9, 2015, following a 95 billion cubic feet increase in the prior week.
Analysts expect US(United States) gas supplies to have risen by 92 billion cubic feet in the week ended October 9, 2015, following a 95 billion cubic feet increase in the prior week.
Observation & prediction of below-normal-temperatures throughout the US East Coast from 17th Oct to 21 oct may boost heating requirement for the fuel.
At the MCX, October 2015 contract for NG(Natural Gas) futures closed at 163.7 Rs per mmBtu, unchanged, after opening at Rs 163.2, in comparison to the previous closing price of 163.7.
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