The biggest news in the commodities market this week is LNG prices falling to a 10-year low driven by a reduction in demand from China as the coronavirus outbreak spreads.
With China terminating LNG shipment contracts through force majeure and European inventories at near record highs, prices show no sign of recovering any time soon.
Europe saw its warmest January on record further contributing to depressed gas prices.
Wholesale power largely reflects gas price reductions with Summer 20 contracts down £1/MWh week on week.
Winter 20 looking flat as losses were counteracted by gains in oil following a muted forecast from OPEC around the impact of the coronavirus on global demand.
Wind speeds of up to 80mph are predicted over the weekend as Storm Ciara approaches, increasing wind generation over the following days currently making up over 31.8% of the stack at time of writing.
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