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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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TTF Falls to June Low Amid Stable Supplies
TTF front month falls down to the low of €32.3/MWh from June 10 with stable supplies and temperatures in NW Europe holding near to normal.
- Temperatures in NW Europe are set to hold slightly below normal into this weekend before edging back above normal next week and through the middle of the month.
- Norwegian pipeline supplies to Europe are nominated down slightly to 330.6mcm/d. Gassco is showing capacity reductions of 26mcm/d this week falling to 16mcm/d next week.
- European LNG sendout was at 262mcm/d on July 2 according to Bloomberg compared to an average of 325mcm/d in the first week of July 2023.
- Total European stores are up to 77.87% full on July 2 according to GIE compared to the five year average of 67.9% with net injection rates holding just below normal.
- Gas transit flows through Ukraine are at 42.4mcm/d today and Algeria gas flow to Italy at Mazara are still low at 44.1cm/d.
- ICE TTF daily aggregate traded futures volume was at 298k on July 3.
- TTF AUG 24 down 1.2% at 32.3€/MWh
- TTF WIN 24 down 1% at 37.99€/MWh
- TTF SUM 25 down 0.8% at 36.47€/MWh
To read the full story
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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.