Daily (15.10.2019): NBP spot spiked by 21.3% on Monday, due to lower send-out rates from LNG terminals and weaker wind output

15/10/2019 12:50 Daily

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Crude oil prices fell on Monday on doubts about a China-U.S. trade deal. China declared that further discussions were needed, while U.S. reported that tariffs on Chinese imports are still set to take effect on Dec. 15, if a deal is not reached by that time. A rise in U.S. dollar also put pressure on prices. Hence, Brent crude fell by 1.9% to $59.35 a barrel, while WTI futures dropped by 2% to $53.39 a barrel.

UK gas prices on the curve continued to fall on Monday, influenced by important losses on the oil market. Consequently, the price for delivery in Q2 2020 slid by 0.6% to 44.12 p/therm. In the meantime, NBP spot spiked by 21.3% to 28.15 p/therm, due to lower renewables output and weaker send-out rates from LNG terminals.

 

European spot electricity prices turned strongly bullish on Monday. The German day-ahead power contract skyrocketed by 121.1% to 43.6 EUR/MWh, influenced by a sharp drop in renewables output and increasing demand in the region. At the same time, the price for the equivalent French contract soared by 74.6% to 43.63 EUR/MWh, due to higher in demand and lower temperatures.

 

Forward power prices extended their decline on Monday, in reaction to the fall in carbon prices. The German power contract for delivery in 2020 traded 0.3% down at 48.11 EUR/MWh. The equivalent French contract price decreased by 0.2% to 51.17 EUR/MWh.

 

The EU carbon prices inched down on Monday as Brexit talks during the weekend did not provide a clear solution ahead of the deadline. The price for the contract expiring in 2020 declined by 1.2% to 24.34 EUR/tonne.

Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

12/11/2019 11:17:00

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

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Mongolia exports 32.3 million tons of coal as of first ten months

12/11/2019 10:35:00

Mongolia planned to export 42 million tons of coal in 2019. According to statistics of Mongolian General Customs Administration, Mongolia has exported 32.3 million tons of coal as of first ten months of 2019 which means there is a necessity to export 9.7 tons of coal in order to reach the goal. But the People’s Republic of China appears to maintain its coal import at 200-300 million tons so that the amount of coal export has a tendency to slow down in the last months of 2019 according to Bloomberg.

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NTT to spend 600 billion yen on own grids for power business

12/11/2019 10:25:00

Nippon Telegraph and Telephone has decided to build its own power grids. Japan's largest telecom company plans, beginning in the year ending March 2021, to sell electricity from storage batteries at its roughly 7,300 office buildings around the country, mainly to hospitals and factories.

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