Natural gas jumps 1.27% to Rs 200.20 per mmBtu this week on MCX, outlook bullish
Natural gas futures rose to settle at Rs 200.20 per mmBtu on January 15 as participants trimmed their position as seen by the open interest. Natural gas price gained Rs 2.50, or 1.27 percent, during the week on the MCX.
Natural gas prices fell in three out of the five trading sessions in the Indian market.
"Fundamentally for the weeks ahead, we are estimating MCX Natural Gas futures to trade bullish in expectancy of steady supplies, better demand/usage and fall in inventories observed on a weekly basis.