Market Insight

DAILY MARKET REPORT – 31/01/2024 An small upward movement in yesterdays session as February trading closed with some colder temperatures expected in the second half of the month. Today we see a new front month contract which may account for a jump in the values compared to yesterdays report. Yesterday…

DAILY MARKET REPORT – 30/01/2024 Another mixed session to get the week started yesterday as we saw prices up in the morning but ending level by the close. Temperature outlooks remain unchanged in the latest runs with warmer than normal levels for the coming week or so before dipping below…

DAILY MARKET REPORT – 29/01/2024 A mixed session on Friday, pushed upwards in the afternoon by news of an oil tanker in the Red Sea hit by a missile, although the overall session ended flat to the previous. News such as this will ‘spook’ the market, however impact appears to…

DAILY MARKET REPORT – 26/01/2024 An ‘as you were’ day yesterday as Wednesdays gains were eroded in Thursdays session. This may be the holding pattern we see whilst we head towards the end of the winter period with little to push the market firmly in either direction. Supply appears to…

DAILY MARKET REPORT – 25/01/2024 A slight uptick in yesterdays session, as February appears a month of two halves in terms of forecast temperatures. In recent forecasts it has been showing for a warm start and seasonal normal end, however the latest runs now show that as a potentially colder…

DAILY MARKET REPORT – 24/01/2024 A flat session yesterday, ending almost unchanged to where it started. Whilst this may not seem exciting or interesting, it is a good sign. If we cast our minds back a few years, the current spot prices were ‘normal’ levels during winter months. We are nearing…

DAILY MARKET REPORT – 23/01/2024 A bearish start to the week, as those temperatures start to increase after a few days of cold. No change on the outlook in terms of supply which remains stable, gas storage which remains just under 75% or temperatures which remain to show above or…

DAILY MARKET REPORT – 22/01/2024 A slight uptick to end the week in Fridays session, but overall a bearish week last week. Temperatures have now started to increase and are expected to be above seasonal normal for the coming weeks as forecasts now start to look towards the end of…

DAILY MARKET REPORT – 19/01/2024 A level session seen yesterday after a series of bearish ones of late as the market continues to hold at some long-term lows and below key levels such as €30/MWh and 70p/therm on the front month gas contracts. The latest weather runs show that the…