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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.
NATURAL GAS
TTF second month implied volatility has fallen to the lowest since Jul 2021 after falling from just below 100% at the start of the year to 68.02% yesterday according to Bloomberg based on ICE data.
- Dutch natural gas options trading volume reached a record in January, according to ICE data. Traded options volumes surpassed the previous record from June 2023 to reach 1,582,656 during the month while the average daily volume was double the level from a year ago.
- TTF front month futures have found some support since late Jan with the price holding between about 26.5€/MWh and 31.2€/MWh. Tighter LNG supplies due to cargo delays from Red Sea diversions and a train outage at the US Freeport export terminal are weighed against high storage and muted demand.
- Spain’s industrial gas demand may increase this year amid normalising prices but is unlikely to return to pre-energy crisis levels, according to Montel sources.
Source: Bloomberg / ICE
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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