Tuesday 08 January 2019
With demand on the UK gas system approaching 300MCM yesterday, supply margins tightened but the system maintained a small surplus
throughout the trading day. The market was unconcerned with the relative system comfort on the day however and buyers emerged to take advantage of the slump in prices on Monday. Heavy buying on prompt and near futures contracts saw spot and day ahead prices return to almost 60.00p while the front month topped the 60.00p mark with a gain of 1.47p to settle at 60.73p.