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2026-07-17 21:24:12
[US Natural Gas Stabilizes Amid Warming Weather and Freeport Resumption of Production] ⑴ US natural gas futures have stabilized after recent declines. Mild weather expectations and soft LNG feedstock flow were factors that previously suppressed prices, but prices have found temporary support around $2.86. ⑵ Analysts point out that the market is awaiting two catalysts: first, the full resumption of operations at the Freeport LNG export terminal; and second, more high temperatures in the southern and western regions next week to boost fuel demand for power generation and cooling. ⑶ For the Nymex August contract to rise back to the $3 mark, significant weather support is still needed, but the current rapid decline towards $2.70 has been halted at least in the short term. ⑷ From a trading psychology perspective, the natural gas market is currently in a tug-of-war between summer demand expectations and ample inventory. If high temperature expectations materialize or the resumption of export terminal production is clear, short covering may drive a phase of price rebound; otherwise, the effectiveness of the support levels below will continue to be tested.
