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Steady supply helps prices consolidate - 13-01-2022

Closing price: Bearish sentiment is hitting the markets, mainly thanks to the abundance of LNG deliveries to the UK and Europe throughout the remainder of January. Prices shrugged off the increasing demand due to the cold weather, and continued to trade down. The US once again hinted at sanctions on Nord Stream 2 yesterday, should Russia invade Ukraine.

Opening price: Prices are consolidating after the recent drop at there current levels. Healthy supply continues, but a notable drop in wind generation after today will likely have to result in more LNG nomination for gas to power conversion.