European prices dropped sharply

  • Gas

Prices dropped sharply yesterday in most European gas markets; only Spain PVB prices posted an increase. Prices were pressured by warmer weather conditions both in Europe and in Asia. Profit taking by financial players provided additional downward pressure. In Asia, JKM spot prices were almost stable yesterday: +0.43% day-on-day, at €91.215/MWh. This echoed the stability in baseload spot power prices on the Japan Electric Power Exchange: €1008/MWh yesterday, below the maximum of €1220/MWh recorded on 11 January. This drop followed the decline in power consumption in Japan due to higher temperatures.

ttf-day-prices
Share this news :

You might also read :

ES-oil
April 20, 2022

Demand concerns drag crude prices down

Crude oil prices slumped on Tuesday, pressured by the downward revision in the IMF global growth forecast (see macro comment) which fueled concerns over energy demand prospects…
ES-oil
November 19, 2021

Diesel sails West

Coordinated SPR releases continue to be the hot topic for crude markets, with China expected to release light sweet crude stocks, in line with the destocking…
ES-economy
July 12, 2021

Reflation goes abroad

As the recent collapse in US bond yields, and the flattening of the term structure continues, the reflation thesis might have peaked, with slower growth in…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

START A FREE TRIAL
Subscribe to our newsletter
LOG IN

Don’t have an account yet? 

Sign up here!
[booked-calendar]