Europe & Russia: Price trends
European hub prices remain robust despite weak seasonal demand as supply-side support continues to provide a floor to prices.
The NBP month-ahead has continued to receive support from weakened supply and was up to around 50 p/th by the middle of October. The gains from the middle of September were driven by weak levels of supply, which were limited by ongoing maintenance. The NBP month-ahead averaged 45.5 p/th in September but averaged around 49.5 p/th over the first half of October.
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