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Commodity News Details
Natural Gas soars above Rs 400 on MCX as global cues turn upbeat
01-Feb-2026 11:01
Natural Gas futures soared today on MCX following a spike in global prices on Friday. The US natural gas futures jumped impressively as a break above $4 per mmbtu extended amid ongoing concerns over US winter demand. The March Henry Hub futures soared around 11% to close at $4.354 per mmbtu and should stay elevated given the forecasts of below-normal temperatures in the US over coming days. Regions like Upper Midwest, Mid-Atlantic, and Northeast are likely to witness a cold snap and should keep the commodity elevated in near term. MCX Natural Gas futures soared on these cues and are currently trading up 9% at Rs 425.60 per mmbtu. The counter rallied in last session, cutting losses after testing a low of around Rs 350 per mmbtu.

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