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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.
NATURAL GAS
TTF futures have edged back up after briefly falling negative on the day with front month approaching the lowest since May 2021 at 22.855€/MWh from early June.
- Second month implied volatility is at 66.2% today and holding near the lowest since Jun 2021 seen last week amid healthy winter supply, high gas storage and muted demand assisted by mild weather.
- Front month continues to trade below summer with European storage levels expected to end the season above normal. The Mar 2024 - Sum 24 spread is today holding around -0.7€/MWh.
- The Sum24 – Win24 spread continues to widen from -3.4€/MWh on Feb 9 back to --4.45€/MWh today as comfortable near term supplies weigh on summer 24 prices. The Sum24-Sum25 spread is also wider to -2.45€/MWh today.
- TTF MAR 24 up 0.9% at 23.92€/MWh
- TTF SUM 24 up 1.2% at 24.65€/MWh
- TTF WIN 24 up 1.4% at 29.12€/MWh
- TTF SUM 25 up 1.2% at 27.07€/MWh
Source: Bloomberg
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.
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