NWE spot baseload power prices were up yesterday, to €112.274/MWh on average for today delivery (compared to €110.078/MW for Tuesday), supported by expectations of lower wind generation (4766 MW for today in Germany, compared to 11388 MW yesterday) and slightly higher clean fuel costs. EUA Dec’21 prices closed at €60.76/t (stable day-on-day), still supported by…
European gas prices rose again yesterday, still supported by relatively weak stock levels and uncertainty over Russian supply for the coming months. The rise in Asia JKM prices (+2.72% for the October 2021 contract, to €52.655/MWh) and in parity prices with coal for power generation (thanks to higher coal prices) provided additional upward pressure. On…
Confusion reigns in the markets: stocks are up in Asia despite fairly negative news on activity. Indeed, the China’s Caixin manufacturing PMI fell below 50 in August, as it was the case in many other countries of the region. But, as usual, this is fuelling expectations of monetary policy easing in China. Yesterday’s news flow was…
WTI and ICE Brent futures were slightly up from Monday’ session at 73.3 $/b. Outages in the US refining sector outpaced crude production shut-ins, following Ida’s impact. Indeed, estimates range from 2 to 2.5 mb/d of offline refining capacity in the Louisiana state. On the other side of the market, gasoline and diesel shipments have…
NWE spot baseload power prices were up yesterday, to €110.078/MWh on average for today delivery (compared to €107.720/MW for Monday), supported by expectations of lower wind generation (11074 MW for today in Germany, compared to 13811 MW yesterday) and higher clean fuel costs. EUA Dec’21 prices maintained their uptrend, rising to a new all-time high…
