The expert noted that gas prices are volatile.
“In this regard, the fact that they could grow during the day, even in the morning, by 11% - this does not fundamentally change anything in the scenario.
They can drop by 5% by the evening, this is the peculiarity of this market, the stock market, this is its pros and cons.
As for the reasons: I do not exclude that November 1 is already formally another month, an excuse to play on increasing gas prices.
Still, a new month, a colder one, is expected, an increase in the rise of gas from storage will occur.
These factors could have influenced, ”Mitrahovic emphasized.
He also added that "the prices for oil and electricity are not falling."
“That is, it is also interconnected.
Coal is quite expensive, so gas is also expensive.
It is not as expensive as it was, say, two weeks ago, but still more than $ 800 per 1,000 cubic meters on the stock exchange is a high price.
We are waiting for the launch of Nord Stream 2 so that the situation changes significantly, "the analyst concluded.
Earlier, the futures price of gas in Europe during trading increased by 11% compared to the estimated price of the previous trading day.
At the Dutch hub TTF, the price of futures for December delivery reached $ 864 per 1,000 cubic meters.