FX.co ★ TTF Prices Edge Up Slightly

European natural gas futures saw a slight uptick toward €34 per megawatt-hour, reflecting a modest recovery after last week's 8% decline which marked a seven-month low. This upward movement aligns with a broader sense of market optimism stemming from the U.S. decision to temporarily exempt certain tech-related Chinese imports, such as smartphones and computers, from tariffs. This development alleviated some recession fears that had been weighing on gas prices. Nevertheless, the influence of milder and windier weather conditions across Europe is anticipated to aid in gas storage replenishment and decrease demand from the power sector. Currently, European gas storage is somewhat low, standing just over 35% full following the winter season. On the policy front, EU member states have consented to flexible gas storage regulations, allowing nations to fall up to 10 percentage points below the 90% storage target if market conditions prove challenging.