27 April 2024
Pricewatch | 20 Oct 2020 | Gas Matters Today
Publication date: 20 October 2020
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European wholesale gas prices continued their mid-autumn ascent on Monday, with front-month contracts on UK NBP and Dutch TTF gaining another 1-1.5% to settle at the equivalent of USD 5.38/MMBtu and USD 5.08/MMBtu. With CME’s November-dated JKM futures contract again unchanged at USD 5.15/MMBtu, the Asian premium over TTF was more than halved to just USD 0.07/MMBtu. However, Platts today reported that JKM is at a one-year high of USD 6.613/MMBtu.
US gas benchmark Henry Hub rose 0.8% to close at USD 2.80/MMBtu. Crude oil prices again softened marginally in Monday’s session, while the European carbon price made marginal gains.
Front-month futures and indexes at last close with day-on-day changes (click to enlarge):
Time references based on London GMT. Brent, WTI, NBP, TTF and EU CO2 data from ICE. Henry Hub, JKM and API2 data from CME. Prices in USD/MMBtu based on exchange rates at last market close. All monetary values rounded to nearest whole cent/penny. Text and graphic copyright © Gas Strategies, all rights reserved.