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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.
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Free AccessMNI Eurozone Inflation Preview - November 2024
MNI POLITICAL RISK - Trump Initiates Tariff Negotiations
TTF Front Month to Low of the Day and Q1-24/Q1-25 Spread Widens
The decline in front month TTF today towards the lows of last week just below 40€/MWh have driven the Q1 2024 – Q1 2025 spread down to a contract spread low of around -4.4€/MWh.
- TTF near term prices are trending lower due to healthy supplies and the forecast of warmer weather later this week as temperatures in NW Europe are expected to rise above normal from around Dec 8. November gas demand remained well below the five-year average despite colder weather towards the end of the month helping to ease any winter balance concern.
- Some analysts have recently estimated storage to end the winter season as much as 55% due to the muted demand and the near capacity stocks coming into the season, and despite recent high withdrawals.
- The Sum24-Win24 is down to the lowest since early October to -4.15€/MWh.
- TTF JAN 24 down -7.4% at 40.29€/MWh
- TTF Q1 24 down -7.1% at 40.61€/MWh
- TTF SUM 24 down -6.4% at 40.05€/MWh
- TTF WIN 24 down -5.3% at 44.21€/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.