19 April 2024
Pricewatch | 19 Jan 2021 | Gas Matters Today
Publication date: 19 January 2021
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European gas prices fell for a fourth straight day on Monday, amid expectations of milder weather and increasing renewable power generation. Front-month UK NBP and Dutch TTF closed 7.7% and 6% lower respectively. The losses saw NBP return to the USD 7/MMBtu range for the first time since 7 January, with TTF returning to the USD 6/MMBtu range for the first time since the first week of the year.
Surging Covid-19 cases around the globe continued to weigh on crude prices, with front-month Brent and WTI both fall by 0.6% to start the week.
A public holiday in the US on Monday meant that the CME’s month-ahead JKM, Henry Hub and AP12 coal contracts remained unchanged to start the week.
The European carbon price fell for a fourth day, recording a marginal loss of 0.3% on Monday.
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.