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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 front month reverses earlier gains to turn negative on the day with low demand and high storage levels weighed against tighter supplies from Norwegian maintenance and possible disruption to global LNG supplies from Australia LNG strikes.
- Risks for tight supplies this winter from cold weather or Asian LNG competition continue to boost future season prices with the Q1 2024 – Oct23 spread rising back up to 18€/MWh today from a low of around 10.5€/MWH earlier in August. The spread reached a high of 18.5€/MWH in July.
- The Win24-Win23 spread has risen this week from a low of 1.4€/MWh on 22 Aug up to 6.6€/MWh today.
- TTF OCT 23 down -1.2% at 34.6€/MWh
- TTF WIN 23 up 0% at 48.25€/MWh
- TTF SUM 24 down -0.3% at 51.07€/MWh
- TTF WIN 24 down -0.2% at 54.76€/MWh
Source: Bloomberg
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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