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Energie & Management > Commentary - Gas - Prompt falls on lower demand
Commentary

Gas - Prompt falls on lower demand

(Heren Energy) - Prompt prices fell sharply at Zeebrugge on Monday on the back of lower continental demand due to the summer holiday period, as well as weak buy-side interest. Day-ahead opened 0.25 p/th lower than Friday ’s close at 18.90 p/th, and fell to 18.25-18.30 p/th during the afternoon.
“15th July to 15th August is traditionally the period of lowest demand on the continent,” said one trader. “There were a number of strong players buying aggressively in the market last week, who were not out there today, and in the current low liquidity, it doesn’t take much to move the market either way. ”Day-ahead eventually drifted down to 17.90-18.10 p/th, as l

Dienstag, 29.07.2003, 09:13 Uhr
Redaktion
Energie & Management > Commentary - Gas - Prompt falls on lower demand
Commentary
Gas - Prompt falls on lower demand
(Heren Energy) - Prompt prices fell sharply at Zeebrugge on Monday on the back of lower continental demand due to the summer holiday period, as well as weak buy-side interest. Day-ahead opened 0.25 p/th lower than Friday ’s close at 18.90 p/th, and fell to 18.25-18.30 p/th during the afternoon.
“15th July to 15th August is traditionally the period of lowest demand on the continent,” said one trader. “There were a number of strong players buying aggressively in the market last week, who were not out there today, and in the current low liquidity, it doesn’t take much to move the market either way. ”Day-ahead eventually drifted down to 17.90-18.10 p/th, as l

Dienstag, 29.07.2003, 09:13 Uhr
Redaktion

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