Daily Market Analysis: 09.03.23
Snow is falling, but so too are the markets this morning. As too did gas prices yesterday ultimately, as the snow in the south softened and defrosted, the gas market also softened in intraday trading. If prices right now close at its current levels, it would be a new YTD low for the market.
Freeport LNG's third train is to return to full production over the next few weeks with the other two trains having already started achieving 75% capacity. This is providing a supply boost outlook, and providing a bearish tone on further dated contracts this morning.
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