September 11, 2024 10:13 GMT
NATGAS: Funds Reduced Long TTF Positions Slightly in Week to Sept. 6
NATGAS
GAS POSITIONING - Investment fund net long positioning in ICE TTF futures fell from the highs seen during August but remain at historically very high levels, according to the commitment of traders data for the week to Sept. 6.
- TTF markets are weighing the impact of cuts in current pipeline supplies and US LNG supply risks due to a hurricane in the US Gulf against healthy underground storage and higher than normal LNG volumes at sea as the winter heating season approaches.
- Investment Firm net position fell by 6.16m to -201.10m
- Investment Funds net position fell by 25.40m to +243.02m
- Commercial Undertaking net position increase by 36.99m to -41.46m
Source: Bloomberg
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