US and European natural gas prices plummeted on Monday as warm temperatures and ahead-of-schedule storage levels eased winter concerns. The EU was reported ready to advance a dynamic price cap on LNG targeting the Dutch TTF hub, though member states still need to agree.
Warm weather and storage progress reduce demand for gas, and a possible EU price cap is seen as bearish for European prices. Lower gas costs ease energy and fertilizer pressure on feed production.
Tras 34 eventos de política pasados, Gas natural se movió una mediana de -1,7 % en 5 sesiones (38% al alza; mitad central entre -7,4 % y +2,5 %), y +2,6 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Warm weather, ahead-of-schedule EU storage and a possible LNG price cap lowered US and European gas prices together, adding sentiment pressure.