Natural Gas

Natural gas slid to a seven-and-a-half-year low, falling to an intraday low of $2.409 per million British thermal units (mmBtu) on 4 September 2009. But, from there, it recorded a jump of 56% in just a few days of trading. The price was $3.76 per mmBtu as on 15th September. Natural gas prices were under pressure due to shortage of storage as well as moderate demand due to an economic downturn. Meanwhile, for this time of the year, gas inventories are 17% above the five-year average and the US Energy Department expects supplies to exceed the record of 3.545 trillion cubic feet reached on 2 November 2007.

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    Aluminium prices saw a revival during June-August 2009 due to supply concerns of Japanese primary aluminium buyers in the March 2009 quarter. Also, following an accident at Russia’s largest hydroelectric power station in Siberia, RUSAL, the world’s largest aluminium producer, has announced production cuts of about 500,000 tonnes. Between mid-May and 2 September 2009, aluminium prices...

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