European gas prices mixed, Japan power prices sharply down
Gas
January 15, 2021
European gas prices were mixed yesterday as the rally on Asian markets came to an end but with prices stabilizing at high levels. Indeed, JKM spot prices were almost stable yesterday: +0.08% day-on-day, at €91.284/MWh. By contrast, thanks to higher temperatures, baseload spot power prices on the Japan Electric Power Exchange were sharply down, falling to €385/MWh yesterday, compared to €1010/MWh the day before and €1220/MWh on 11 January.
The EUR/USD exchange rate hit a new low on Friday at 1.1250 and could weaken further. The announcement of a strict lockdown in Austria sent eurozone bond yields plunging,…
European gas prices were mixed on Friday. Lower residential gas demand due the sharp rise in temperatures and higher pipeline supply exerted downward pressure on…