Highlights Cash prices leap 50-90 cents higher in April 18 trading NYMEX Henry Hub May settles at high of $7.82/MMBtu CAPP Rail coal-to-gas switching is around $9/MMBtu: Analytics US cash prices for next-day flows of natural gas climbed sharply higher on April 18, with many locations trading above $7/MMBtu for the first time since the February 2021 freeze, even as demand is set to weaken over the next week. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The physical market’s buoyancy follows a dramatic recent rally in NYMEX Henry Hub futures, as high prices and rail constraints inhibit the kind of gas-to-coal switching in power generation that could help temper a gas price rally. On April 18, NYMEX Henry Hub May contract gained 52 cents to reach $7.82/MMBtu, $2.10 higher than at the start of the month, according to preliminary settlement data from […]