Spot prices for natural gas at Henry Hub in March first firmed, then fell again below $4 per MMBtu. Basic market fundamentals have not changed dramatically, however, and many analysts believe the summer balancing point for the unit price of gas could be even lower. A key to the short-term (less than one year forward) natural gas market will be demand recovery; that is, how soon does the economy recover and how quickly do large volume users of natural gas return to normal consumption levels – or whether they do at all?
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