The TTF benchmark Dutch natural gas futures, known as the "wind vane" of European natural gas prices, rose 3.83% to 93.45 euros/mwh.
Since the closing price of 65,438+07.88 Euro /MWh at the beginning of this year (1October 65,438+4), the European natural gas futures price has increased by at least 422% in more than 65,438+00 months. The previous high point appeared at 65438+1October 5th, and the closing price of the day was 1 16.02 Euro /MWh. Although Gazprom, the main supplier of natural gas in Europe, issued a "notice of safety", the price of natural gas in Europe has declined, but most analysts are still not optimistic about the price of natural gas in Europe at the end of this year and early next year.
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Energy futures include crude oil and its by-products fuel and gasoline, as well as other energy futures such as propane and natural gas. Crude oil is the most used energy in the world, and no energy can replace it at least in the short term. Generally speaking, most crude oil production is concentrated in the Middle East, so the fluctuation of crude oil price is easily affected by the resolution of the Organization of Petroleum Exporting Countries (OPEC) on oil production. However, the United States is a big user of crude oil, so it still has considerable influence on the fluctuation of crude oil prices. At present, the largest energy futures exchange in the world is the New York Mercantile Exchange.
Futures contract is a trading method that spans time. By signing a contract, the buyer and the seller agree to deliver a specific amount of spot at a specific time, price and other trading conditions. Usually, futures are concentrated in futures exchanges and traded through standardized contracts, but some futures contracts can be traded through OTC, which is called OTC contracts.
Futures is a derivative tool. According to the types of spot subject matter, futures can be divided into commodity futures and financial futures. Among those who participate in futures trading, arbitrageurs (or hedgers) lock in profits and costs by buying and selling futures, and reduce the risk of price fluctuation brought by time. Speculators take more risks through futures trading and wait for opportunities to profit from price fluctuations.