European pure gasoline costs proceed to unload, with Title Switch Facility (TTF) falling 3.89% yesterday, ING’s commodity specialists Ewa Manthey and Warren Patterson word.
EU storage continues to construct
“It traded all the way down to a seven-week low. De-escalation within the Center East would possibly ease considerations over potential LNG provide disruptions. In the meantime, EU storage continues to construct with it at present standing at 57% full, down from 76% on the similar stage final 12 months.”
“That is much like 2022 ranges. The market stays finely balanced, so we anticipate additional draw back in costs to be restricted within the brief to medium time period.”
