Port Henry Natural Gas Futures, seen as the main benchmark for global gas pricing, rose 7.9% to $6.184,it is close to the contract's 2014 record of $6.493 per milion ,after rising 32.36% during this month.
The surge in natural gas prices is very different from the past,Umasumi said,"Natural gas prices rise every winter for seasonal reasons, but this increase is mainly due to the global commodity price increase as a result of global monetary easing since the outbreak. In addition, demand for natural gas has grown faster than expected as a result of economic recovery,extreme weather, coal-to-gas and carbon reduction policies,yuan huaming believed that,"'With global gas inventories at a low level and no sign of a significant increase in gas supply, there is a high probability of a correction in short-term gas prices as heating brings more rigid demand as winter approaches.'
Natural gas is one of the main costs of glass production.Rising natural gas prieces will inevitably bring a new round of price increases for products. So dealers should stock up ahead of time.Don't let the price war get you down.