Prices continued to drop in the near and mid term on Wednesday, with modest increases on periods beyond 3 years
Gas: Prompt contracts continued bearish momentum due to low demand and high wind out turns. Market fundamentals contributed to further losses throughout the curve. This morning near term contracts are trading down on last nights close.
Power: Power contracts were pressured by bearish NBP and market fundamentals. 500MW of unavailable capacity on IFA interconnector to France should return by 9th November. (For todays price outlook, as of last nights close, please see table below)
Crude: Prices rallied yesterday before falling near market close. It is expected that the US federal reserve will keep rates steady, with the European Central Bank likely to follow their lead. Elsewhere Chinese economic growth throughout October stuttered.
Carbon (EU ETS): The ICE Dec-23 rose to €78.54 yesterday. The contract is currently trading at €77.77/t at the time of writing.
Carbon (UKAs): The ICE Dec-23 closed at £38.75/t yesterday. The contract is currently trading at £37.75/t at the time of writing.