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TTF Extends Decline Falling 10% In the Week

NATURAL GAS

TTF falls to the lowest since Jul 2021 to extend the bearish trend since a peak in early December.

  • Front month is down over 6% again today and now down over 10% on the week driven by strong LNG supplies amid low demand from Asia, high seasonal storage levels and muted demand with limited pickup in industrial demand despite the lower prices.
    • TTF JUN 23 down -6.7% at 32.65€/MWh
    • TTF WIN 23 down -5.3% at 52.15€/MWh
    • TTF SUM 24 down -2.9% at 52.62€/MWh
    • TTF WIN 24 down -2.6% at 55.67€/MWh

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