Weekly GO Market Brief - Week 28, 2021

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This week’s trading

• Traded volumes decreased by 4% and number of transactions by 44%.
• Forecasted drier than normal hydrological conditions and drier weather conditions in some European countries could result in possible price increases in GO products in the coming weeks.

According to data from our data partners, this week saw a continued decrease in market activity as transactions recorded and traded volumes decreased significantly by 44% and 4%  respectively when compared to Week 27.  

Current year (2021) transactions accounted for a 27% share of the total. Forward curve transactions (2022-2024) accounted for a majority share at 54% although it is a 22% decrease compared to Week 26. 2020 production GOs accounted for an 18% share of recorded transactions.&nbs...