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Maintenance during September drew additional buyers to the market and drove the Back-Up price to $5.05/GJ in September where 332 TJs were sold. Some very strong bidding for October cleared the market at $4.76/GJ and caused all other supply sensitive buyers to the Back-Up price of $5.05/GJ and a forecast quantity of 520 TJs.
August results are now available and came in as scheduled with 245 TJs sold at an avarage price of $4.17/GJ. Sales are anticipated to increase in September to 290 TJs with an average price of $4.12/GJ.
The market continues to perform strongly with July sales being 315 TJs at an average price of $4.27/GJ. August volumes dropped a little to 250 TJs at an average price $4.30/GJ.
Cold weather and several maintenance issues impacted the market, only 174 TJs on Market and a further 419 TJ off market, for June at an Average Price of $4.05/GJ. This has flowed into strong bidding for the first half of July, with 348 TJs scheduled at an Average Price of $4.27/GJ and a high Price of $4.53/GJ.