MNI China Daily Summary: Tuesday, January 7

MNI: EUROZONE DECEMBER CONSTRUCTION PMI 42.9 (NOV 42.7)

MNI China Press Digest Jan 7: CPI, New Loans, Local Bonds

MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1879 Tues; -2.42% Y/Y

MNI China Daily Summary: Monday, January 6

MNI: ECB 1-YEAR CONSUMER INFLATION EXPECTATIONS 2.6%

MNI: FRANCE DEC HICP +0.2% M/M, +1.8% Y/Y

MNI: SWISS DEC CPI -0.1% M/M, +0.6% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: German Jan Trades in Green on Emissons, TTF and Revised Temps

POWER
CEEMEAEurozoneEnergy BulletsGermanyBulletPower BulletsCommodities

German front-month power is trading in green today amid gains in European gas and emissions, with temperatures in Dusseldorf revised down over 27 December – 1 January by up to 0.5C from the previous estimate.  However, relatively strong wind is expected in Germany next week, which may lower power prices from the week prior.

  • Germany Base Power JAN 25 up 3.4% at 118.7 EUR/MWh
  • EUA DEC 25 up 1.2% at 70.3 EUR/MT
  • TTF Gas JAN 25 up 2.3% at 46.77 EUR/MWh
  • European gas remains well supported into the end of the year as Ukraine transit supporters fail to find any last-minute solutions to its closure. Temperatures in NW Europe have also been revised down on the day – likely increasing the need for heating.
  • EU ETS December 2025 is trading higher this morning to track increases in EU gas, with a downward revision of temps in NW Europe also adding some support. However, stronger wind next week could reduce the call on thermal power plants – weighing on the contract slightly.
  • Wind output in Germany is forecast at just 2.13GW, or a 3% load factor on Saturday from 1.25GW, or a 2% load factor forecasted for Friday, according to SpotRenewables. However, with lower demand on the day prices could still fall from the previous session.
  • Wind is expected to pick up from the weekend to be between 36-63% load factors over 30 December-3 January (Mon-Fri) – likely dropping prices on the week.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggested temperatures remain below normal until 29 December before flipping above on 30 December and remaining higher until 3 January 2025
  • Mean temperatures in Dusseldorf are forecast to drop on Saturday to 1.03C compared with 3.10C on Friday – with temperatures below the seasonal average.
  • Power demand in Germany is forecast to decrease to 39.48GW on Saturday from 45.25GW on Friday, according to Bloomberg.
  • Germany’s hydro balance has been revised higher on the day to end at 182GWh on 10 January, compared with 123.5GWh previously.
325 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

German front-month power is trading in green today amid gains in European gas and emissions, with temperatures in Dusseldorf revised down over 27 December – 1 January by up to 0.5C from the previous estimate.  However, relatively strong wind is expected in Germany next week, which may lower power prices from the week prior.

  • Germany Base Power JAN 25 up 3.4% at 118.7 EUR/MWh
  • EUA DEC 25 up 1.2% at 70.3 EUR/MT
  • TTF Gas JAN 25 up 2.3% at 46.77 EUR/MWh
  • European gas remains well supported into the end of the year as Ukraine transit supporters fail to find any last-minute solutions to its closure. Temperatures in NW Europe have also been revised down on the day – likely increasing the need for heating.
  • EU ETS December 2025 is trading higher this morning to track increases in EU gas, with a downward revision of temps in NW Europe also adding some support. However, stronger wind next week could reduce the call on thermal power plants – weighing on the contract slightly.
  • Wind output in Germany is forecast at just 2.13GW, or a 3% load factor on Saturday from 1.25GW, or a 2% load factor forecasted for Friday, according to SpotRenewables. However, with lower demand on the day prices could still fall from the previous session.
  • Wind is expected to pick up from the weekend to be between 36-63% load factors over 30 December-3 January (Mon-Fri) – likely dropping prices on the week.
  • The latest 6-10 day ECMWF weather forecast for Dusseldorf suggested temperatures remain below normal until 29 December before flipping above on 30 December and remaining higher until 3 January 2025
  • Mean temperatures in Dusseldorf are forecast to drop on Saturday to 1.03C compared with 3.10C on Friday – with temperatures below the seasonal average.
  • Power demand in Germany is forecast to decrease to 39.48GW on Saturday from 45.25GW on Friday, according to Bloomberg.
  • Germany’s hydro balance has been revised higher on the day to end at 182GWh on 10 January, compared with 123.5GWh previously.