Natural Gas - TTF Prices

09-12-2025 - Over the past month, the price of Natural Gas (TTF) has fallen from €31.548/MWH to €26.871/MWH, indicating a downward trend in the raw material market. This decline suggests either a decrease in demand or an increase in supply during this period. The forecast for Natural Gas (TTF) is €26.58/MWH, a slight decrease of €0.29/MWH or -1.1% from the current price of €26.871/MWH, suggesting a generally stable trend with minimal risk in raw material pricing.

The current forecast indicates upward price pressure due to factors such as Flows data, with significant influences from Seaborne Imports & Exports and Exchange Rates. However, this is balanced by downward pressure from Demand and Technical data, resulting in mixed signals for raw material pricing. Despite the forecast predicting a decline to €26.58/MWH, recent analyses suggest a potential upward trend in natural gas prices over the next month. For example, the U.S. Energy Information Administration (EIA) forecasts that the Henry Hub spot price will average $3.90 per million British thermal units (MMBtu) over the winter season (November–March), with a peak of $4.25/MMBtu in January. This external analysis presents a contrasting view on the expected direction of natural gas prices, highlighting differing opinions on future market movements.