Prices were lower yesterday in most European gas markets, as above-normal temperatures and the easing of the tension in Asian markets exerted downward pressure. Indeed, JKM spot prices weakened again yesterday, to €36.474/MWh, -12.26% day-on-day. On the Japan Electric Power Exchange, system spot power prices for delivery today eased to €231/MWh, down from €500/MWh for…
Brent futures prices continue to weaken at the prompt, as 1st nearby prices reached 55.5 $/b, about 1% lower compared to yesterday. The first coronavirus cases in Shanghai were detected, outside of the regions under lockdown. This cast doubt on the health situation in China, especially ahead of the Lunar New Year celebrations, usually preceded by…
The balance between optimism linked to vaccines and hopes of fiscal stimulus in the US and pessimism fueled by the immediate impact of the pandemic and very limited room for manoeuvre of central banks tilts towards the latter for the end of this week. There are rumors about an imminent lockdown in Hong Kong and…
The European power spot prices continued to fade yesterday amid forecasts of milder and windier weather. Prices hence eroded 5.05€/MWh to 38.89€/MWh in France, Germany, Belgium and the Netherlands while clean gas costs lingering 3.13€/MWh above the clean coal costs at 53.83€/MWh. The French power consumption eased by 4.02GW to 69.53GW on average as temperatures…
European gas prices weakened overall yesterday, as the easing of the tension on Asian markets exerted downward pressure. Indeed, JKM spot prices weakened again yesterday, to €41.570/MWh, -10.70% day-on-day. On the Japan Electric Power Exchange, spot power prices for delivery today eased to €500/MWh, down from €618/MWh for delivery on Wednesday. On the pipeline supply…
