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2025-10-10 21:15:10
[Natural gas futures fell for three consecutive days, high inventories suppressed price rebound] ⑴ U.S. natural gas futures fell for the third consecutive day, with an intraday drop of 3%, closing at $3.172 per million British thermal units. ⑵ The current inventory level is 4.5% to 5% higher than the five-year average, which continues to suppress market price performance. ⑶ Analysts pointed out that the recent price rebound is more due to profit-taking rather than new buying, and the fundamental support is weak. ⑷ When the price reached the $3.30-3.50 range, it encountered resistance, reflecting the market's continued concerns about inventory conditions. ⑸ Against the backdrop of high production, the return of inventories to normal levels depends on external factors such as cold weather. ⑹ Traders are closely watching weather changes in late October, looking for clear signals of a shift in the supply and demand pattern.
