# TTF WEEKLY REVIEW: 9–14 NOVEMBER 2026

> Europe's TTF gas benchmark rebounded from about €82.5/MWh on 9 November to closes near €90–92/MWh by 12–13 November, with intraday highs above €96. The rally followed an early-November correction from above €100/MWh and reflected heavy storage withdrawals and uncertainty over Gulf/Hormuz LNG flows. The forward curve stayed in backwardation, with winter contracts priced above summer.

- Date: 2026-11-15 · published 2026-11-15T12:11:56.490Z
- Category: macro · region EU · magnitude medium
- Page: https://feedsoft.ai/events/101127-ttf-weekly-review-9-14-november-2026
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher European gas prices raise the cost of nitrogen fertiliser and ammonia production, which feeds through to urea and farm input costs. Tight winter supply also strengthens the case for higher energy costs across feed processing.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2026-10-15 | [Natural Gas News: LNG Flows Lift November Futures as Warm Weather Caps Rally](https://feedsoft.ai/events/628-natural-gas-news-lng-flows-lift-november-futures-as-warm-weather-caps-rally.md) | -8.9% | — |
| NATGAS | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | +12.9% | +63.0% |
| NATGAS | 2022-08-31 | [Euro vs Dollar - Norwegian Krone Decline \| Global Banking & Finance Review](https://feedsoft.ai/events/40247-euro-vs-dollar-norwegian-krone-decline-global-banking-and-finance-review.md) | -12.0% | -25.8% |
| NATGAS | 2021-10-01 | [Asian prices surge to record high this week as winter starts](https://feedsoft.ai/events/44765-asian-prices-surge-to-record-high-this-week-as-winter-starts.md) | -0.5% | +0.2% |
| NATGAS | 2026-10-29 | [Monetary Policy Report (IPOM) press conference, third quarter of 2026 \| BCRA](https://feedsoft.ai/events/17346-monetary-policy-report-ipom-press-conference-third-quarter-of-2026-bcra.md) | -1.8% | — |
| UREA | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -11.9% | -20.3% |
| UREA | 2020-04-01 | [Fertiliser prices rise on stronger demand and weaker currency - Farmers Weekly](https://feedsoft.ai/events/53568-fertiliser-prices-rise-on-stronger-demand-and-weaker-currency-farmers-weekly.md) | 0.0% | -1.7% |
| UREA | 2021-10-07 | [High fertilizer prices not going away quickly \| The Western Producer](https://feedsoft.ai/events/5910-high-fertilizer-prices-not-going-away-quickly-the-western-producer.md) | +5.0% | +9.6% |

## Sources

- eurolng.com: https://eurolng.com/topics/ttf-weekly-review-9-14-november-2026/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.