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Germany’s newly constructed liquefied-natural-gas terminal received its first full cargo from the U.S. on Tuesday, as Berlin races to shore up its supply after the end of its decadeslong energy relationship with Russia. The shipment arrived at the LNG import terminal in the port town of Wilhelmshaven on the North Sea, a facility that was built at a breakneck speed in less than a year to help Germany avert an energy shortage.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
NG Margin changes effective COB January 4th, 2022[/SIZE][/U]
Maintenance margin's changing as follows (Note: Non-member initial margin rates will be 110% of these)
Tier 1 / Feb23 decreasing from $9000 to $7000 -$2000 or 22.2% (!!!!!)
Tier 2 / Mar23 decreasing from $6700 to $5500 -$1200 or 17.9%
but then ...
Tier 3 / Apr23 increasing from $4400 to $4600 +$200
Tier 4 / May23 increasing from $3900 to $4200 +$300
...
Tier 9 / Oct23 increasing from $3500 to $3700 +$200
...
Tier 13 / Jan24 unchanged at $3050
...
Tier 16 / Apr24 decreasing from $2200 to $2200 -$200
...
Usually brokers offer margin discounts if instead of trading on a single contract you trade on the difference between two (or more) contracts. This method is called spread trading and consists of buying one contract with a certain maturity and selling another with a different maturity on the same underlying (intra-commodity) spread.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
John Kemp talking about EU Storage today in his daily 'Best In Energy'. Definitely worth signing up for (its free).
EUROPE’s gas inventories amounted to 754 TWh on May 22. Stocks were +273 TWh (+57% or +2.00 standard deviations) on May 22 above the prior ten-year seasonal average compared with a surplus of +267 TWh (+51% or +2.72 standard deviations on February 6. Inventories are the second-highest on record for the time of year and the surplus is narrowing very slowly. Stocks are on track to peak at 1,237 TWh at the end of the refill season, exceeding the available storage capacity of around 1,139 TWh. Futures prices for deliveries in June and July continue to fall to encourage more consumption and divert cargoes to Asia:
