Market Insight

DAILY MARKET REPORT – 22/02/2023 A bearish session once again followed Mondays bullish start to the week, but this time some new interesting values seen in certain contracts. EUAs breached the €100 marker after coming close several times recently and Henry Hub dipped below $2 for the first time in…

DAILY MARKET REPORT – 21/02/2023 A mixed day yesterday showed a bullish start to the session before retreating back later in the day. EUAs hit a record level of €99.99 before retreating slightly yesterday as markets overall showed an upward trend until later in the session where they returned close…

DAILY MARKET REPORT – 20/02/2023 A bearish end to the week saw the Dutch TTF front month contract fall below €50, a level not seen since late 2021. Whilst the market continues to show new levels of comfort, there are still around six weeks left of the winter period and…

DAILY MARKET REPORT – 17/02/2023 A bearish session yesterday, removing the gains seen from Wednesdays session, once again maintaining an area of comfort the market seems to have found of late. A warm week ahead is expected before dipping below seasonal normal as we close out February, and the latest…

DAILY MARKET REPORT – 16/02/2023 An upwards move across the board yesterday as the end of winter became that little bit further away. A move once again in temperature forecasts to show an earlier cold spell to be expected next week, rather than in March, will have helped push up…

DAILY MARKET REPORT – 15/02/2023 A fairly level day yesterday with little movement in either direction on the lack of any significant influential news. National Grid last night confirmed the Capacity Market auctions for 2023/24 cleared at £60/kwh/year, down from last years high of £75, procuring 5.78GW. Attention around the…

DAILY MARKET REPORT – 14/02/2023 A bearish session to start the week as temperatures for the rest of February are expected to stay above seasonal normal, negating the need for aggressive storage usage which remain two-thirds full – a long term high for this time of year. China National…

DAILY MARKET REPORT – 13/02/2023 The market closed in bullish mode on Friday, but once again retained its recent trading envelope which has been maintained for 2023 so far. This comes as the colder temperatures pass and warmer than seasonal normal levels are expected for the next ten days or…

DAILY MARKET REPORT – 10/02/2023 Further downward movement from yesterdays session, albeit rather small, to stay within and around the envelope we’ve seen these past few weeks. LNG prices for Europe appear to have found their way under the Asian marker which should help with continued cargoes heading this way. This…