立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
天然气

JKM LNG derivatives June volume shrinks 7.7% to 142 cargoes

天然气 | 石油

Platts 情景规划服务

大宗商品 | 生物燃料 | 天然气 | 石油 | 石化产品

Foro de tendencias y precios de commodities Ciudad de México

煤炭 | 排放物 | 电力 | 可再生能源 | 天然气 | 石油 | 原油

印度石油公司推出混合燃料计划,推动氢梦想进程

JKM LNG derivatives June volume shrinks 7.7% to 142 cargoes

London — JKM LNG derivative trading volumes slowed slightly after a record May, to hit 42,763 lots, or 142 cargoes, over June, according to exchange and broker data.

尚未注册?

接收每日电子邮件提醒、订阅用户通知并获得个性化体验。

立即注册

While the volumes shrank by 7.7% on the month, the total volume still places June as the second most active month of the year to date.

Trading for the last of the summer period -- which include contracts for the months of August and September -- saw the most activity, with both months making up 42.6% of the trade volumes in June. Among August contracts, some 6,907 lots, or 23 cargoes, were traded over the period.

However, trade in September contracts alone made up more than a quarter of total volume, with 11,318 lots, or 38 cargoes, traded during the month.

While the remaining prompt periods of summer saw significant activity, winter contracts also saw heavy trade down the curve.

The Q4 2019, Q1 2020, as well as the individual months for Q4 and Q1 also attracted strong trading interest. A total of 19,169 lots for the winter were traded over the month of June, or about 64 cargoes, some 34% of the monthly volume.

The most active of the winter period contracts was November, which saw 6,698 lots, or 22 cargoes, of trade over the month.

With winter drawing most of the market's attention, the far curve saw limited interest in June.

The Summer 2020, Q2 2020, Q3 2020 and the Calendar Year contracts for 2020 and 2021 saw lower activity, making up about 12.5% of total volume for the month at 5,349 lots, or 18 cargoes. This is down from the 30% share in May, which saw a bigger far curve interest.

JKM derivatives cleared on Intercontinental Exchange, or ICE, made up 99.4% of total volume to end the month at 42,523 lots over the month of June.

Trade cleared on Chicago Mercantile Exchange, or CME, reached a total of 240 lots in the same month, or 0.6% of the total volume. Trades cleared through CME were largely down the curve, representing the Q4 2019, Q1 2020 and Summer 2020 periods.

Market sources said that a significant amount of trade over June was the result of parties taking JKM positions against European gas, particularly on the prompt.

"There are more people getting involved in JKM against TTF spreads now," a broking source said. The month of June had seen the spread between JKM and the equivalent TTF contracts widen on the back of weakness in European gas, and optimization demand in Asia.

The spread reached $1.50/MMBtu at its widest point by the end of June.

--Desmond Wong, desmond.wong@spglobal.com

--Wyatt Wong, wyatt.wong@spglobal.com

--Edited by Kshitiz Goliya, kshitizgoliya@spglobal.com