MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TTF Falls to Lowest since Early October

NATURAL GAS

TTF front month has fallen to the lowest since Oct 9 when prices spiked amid rising concerns over Middle East supplies.

  • Fresh concerns for Middle East supply due to the seizure of a vessel in the Red Sea by Houthi rebels on Sunday had provided support earlier this week but optimism for the release of hostages has helped ease supply risks from the Israel /Hamas conflict.
  • Near term Norwegian and LNG supplies remain healthy while floating storage is still above normal despite a recent dip. An expected upcoming drop in temperatures could provide some upside price pressure with winter balances still likely to be sensitive to cold weather in Europe and Asia as well as any unexpected supply disruptions.
  • Front month TTF historic 30 day volatility has fallen so far in November to the lowest since June at 69.1% with markets waiting for the first cold spell.
    • TTF DEC 23 down -3.8% at 44.07€/MWh
    • TTF Q1 24 down -3.6% at 45.44€/MWh
    • TTF SUM 24 down -2.9% at 44.64€/MWh
    • TTF WIN 24 down -1.9% at 48.61€/MWh
Energy BulletsCommodities
Energy BulletsCommodities

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.