We made it halfway through April. NYMEX prices floated around today, at one point in the morning reaching $3.21 US/mm in the front month, a price last seen in early February. Last trade $3.32 US/mm.

Maintenance season continues. Production is up since last week, but still isn’t back to full capacity. LNG feed gas demand, although is pushing another monthly record high in April so far, had a drop in daily demand, with export plants undergoing their own seasonal maintenance too. With the rest of April (except a few days this week) expected to have mostly above average temperatures, expect the residential/commercial heating demand to wind down and for Utilities to start buying.

The early estimate for the upcoming storage report (covering last week’s reporting period) is an injection of +22 Bcf. Less than the +56 Bcf the previous week, but understandable given the lingering chilly weather.