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[International Situation]：European natural gas fell more than 12%, and has fallen nearly 40% in October.

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European natural gas fell more than 12% in

and October has fallen nearly 40%.

Bloomberg reported on November 1 that forecasts from Maxar Technologies and Marex that there may not be a cold wave in Europe in November. Mild weather is set to ease pressure on gas inventories, giving a break to European households worried about heating costs and governments looking to secure supplies.

Due to the heating season delay,

European benchmark natural gas futures prices fell as much as 5.5 percent on Tuesday.

Monday European benchmark TTF Dutch natural gas futures fell more than 12% to 122 euros/MWh in late trading, to a four-and-a-half month low, with October falling about 40%. ICE British Gas also fell more than 12%, losing 300 p/kcal.

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, as the temperature in Europe in October this year is warmer than in previous years, many European countries are close to completing the natural gas reserve work. Investors' concerns about the extremely cold weather in Europe this winter leading to a surge in natural gas demand have been significantly eased, and European natural gas prices have dropped significantly.

In October this year,

European natural gas reserves continue to rise, the European Union is planning to introduce natural gas price limit measures and other factors, the Netherlands TTF natural gas futures prices fell 37.51.

the International Energy Agency IEA said that this winter Europe's natural gas storage has exceeded 90%, suppressing recent gas prices.

gas prices have fallen a lot from a few months ago because of early preparation in Europe and limited storage space. Coupled with the possibility of a warm winter, so Europe this winter's energy crisis, perhaps not online rendering so serious.

, the crisis has not been eradicated. Europe still has to watch the weather and worry about the sequelae of de-industrialization. After this year, will next year be better? Many energy executives have warned that the winter of 2023 (that is, the next winter) will be even more difficult.

This winter

, perhaps the beginning of a long winter.

Source: Plasticizing Alliance

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