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Hungary: Day-ahead gas price increased to 32.4 euros per MWh on Sunday

The average weighted price of natural gas on the day-ahead market of the Hungarian gas exchange CEEGEX increased for the weekend (July 22-23) to 32.44 euros per MWh. During the working week spot gas price varied from about 29 to 31 euros per MWh.

The gas price on CEEGEX recorded an almost continuous decline since mid-December last year – on December 14, gas was traded for 128.5 euros per MWh, and in the first days of January, the price dropped to 70.8 euros per MWh. The spot price dropped to 25 euros per MWh in the first week of June. That is the lowest price level in the last 20 months.

On the CEEGEX within-day market, the last transactions were recorded on July 22, and the price amounted to 33 euros per MWh.

August futures on the TTF exchange decreased by 1.7% on Friday to 27.68 euros per MWh, while the price for the fourth quarter was 44.44 euros per MWh. CAL 24 reached 52.4 euros per MWh.  

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