Sharp correction for TTF prices as they slump by almost 8%

Sharp correction for TTF prices as they slump by almost 8%

When the bears growl: TTF prices slumped by near 8% today, their steepest decline in more than a year. As always several factors were at play: (1) EU storage targets: there is a growing call from Member States (including France and Germany) to loosen the EU’s storage fill targets. And while TTF prices plummeted, seasonal price spreads improved from -€5/MWh last week to €2/MWh, as the market now expects less injections pressure; (2) Peace talks: …