@lng_the Interesting point. Just curious about the methodology behind the conclusion that China is back in restocking mode.
How do you make the link between higher LNG truck prices and restocking specifically? Thanks
Guess who's back ?
US cargoes heading to China for June delivery. China had not imported US LNG for more than a year.
signal of a potential recovery in flows? β οΈ
#ttf#gas#lng#gasmarket#oil#brent#jkm#TTF#china#energy#trading
Dec Brent at $79/bl⦠down $5 today. $40 under the expiry of May contract. This is 7 months forward. Up $10 only since the start of the war. We will lose at least 1 billion bls of inventories due to that war. It could be a lot more if it lasts longer than expected. Incredible how complacent this market is. And this happens after the strongest Brent expiry ever ($15/bl).
@RFeynieu@SoonFoundLTD GFS and EC models show cold temperatures well below the 10-year average until the end of January... clearly bullish TTF. But again, it's difficult to predict the weather beyond a few days, so this could be revised upwards or downwards
will see
@SoonFoundLTD I expect a sharp correction if the forecast is revised! The only risk that worries me is a delay or a problem with the supply, but for now, I don't see anything like that in Q1 2026. Finally, there's the short covering by funds, which remains completely unpredictable
@SoonFoundLTD However, if we look at the global LNG balance, there is currently enough LNG for Europe, and therefore TTF is certainly trading at a premium compared to JKM but not with such a wide spread. Especially since JKM doesn't seem to be keeping up much anymore..