Weekly GO Market Brief - Week 34, 2021

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Last week’s trading

• As market players return from summer vacations, Week 34 witnessed an increase in market activity with transactions and traded volumes increasing by over 80%.

• Market prices increased in most witnessed products.
• Market players continue to report concerns with low than normal hydrological levels and expect continued support at current price levels.

According to data from our data partners, this week saw a further increase in market activity compared to the previous week, as transactions recorded and traded volumes both increased by over 80%.

A majority of the transactions recorded this week were forward curve transactions with 2022 to 2025 production GOs accounting for an 85%  share while 2020 and 2021 production GOs made up the rest.