Strong wind generation calm markets further.
NBP Natural Gas & GB Power Market Movement
A bullish coal market at the beginning of the week lifted prices on Monday despite an oversupplied gas network and a mild weather outlook. Prices went on to reverse Tuesday. Strong wind generation, falling demand and improved weather conditions all contributed. Having hit a circa 3-week high, coal prices also receded 1% (or $0.75 per ton). Mid-week, the markets continued to trend down with the majority of products failing to track the higher spot market: the GB Pound performed stronger against the Euro with French polling data pointing towards increased support for anti-EU establishment, Marine Le Pen.
Prices rose Thursday boosted by reduced supply and a rise in demand that day, also Coal and Oil prices trended up. By the end of the week, markets closed mixed, with some annual contract periods settling higher week-on-week and others settling slightly down.
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