I observing this today(24DEC25), the Natgasmini future price.
Current month future with expiry 26DEC25 is trading higher than next month future with expiry 27JAN26. Can some one pls explain why this is the case.
When i observed Current month 1lot is ~ 401Rs
Next month 1 Lot ~350Rs
The current month is costlier because there’s more demand for it now. Next month is cheaper as the market expects the prices to cool off later.
Apart from this, it can be due to low liquidity.
December is high due to current cold-weather risk and expiry short covering.
January is lower as traders expect conditions to ease after December.
February at 296 shows the market expects even better supply and much lower demand later, so the risk premium keeps dropping across months.
