17 September 2009 17:43 [Source: ICIS news]
With total stocks at 3,458 bcf, US underground natural gas supplies continued climbing to record-setting levels during the week ended 11 September.
Storage was 16.7% above last year's level at the same time and 16.4% higher than the five-year average, according to EIA figures.
Natural gas futures on the NYMEX dropped 10.8 cents to $3.652/MMBtu in early session trading.
Natural gas is a major feedstock and power fuel for the US petrochemicals industry and downstream chemicals manufacturers.To discuss issues facing the chemical industry go to ICIS connect
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