Europe & Russia Price trends

European hub prices are declining as the region gradually moves out of the winter, but prices are not expected to crash.

The NBP day-ahead has eased substantially since it reached a record high at the start of last month. The contract rocketed to 207 p/th at the start of March but averaged around 50 p/th during the first half of April and was around 51 p/th by the middle of the month. The tight supply and spiking demand that temporarily forced up day-ahead prices at European...