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EEX Group reports its March 2023 volumes with the following highlights:
- Overall trading volume in the global EEX Group Power Markets in March 2023 was 7% above the same period of 2022, registering a total of 760.1 TWh. This is the first time in 12 months with a growth on a year-on-year basis, indicating increasing confidence and the return of previous trading levels.
- The European Power Spot Market, operated by EPEX SPOT, increased by 25% in trading volume YoY, reaching a total of 65.2 TWh, and showing a continued growth from February. Both Day-Ahead and Intraday Markets trading registered growth, with 18% and 53%, respectively.
- The overall EEX European Power Derivatives Market trading volume reached 423 TWh in March, a 20% increase YoY, and a significant uptake from previous months across the European markets.
- Trading in Japanese Power Futures showed continued growth YoY, with 110% up compared to the same month in 2022, and trading volumes at 1.2 TWh in March 2023.
Natural Gas
- The EEX Group’s Global Gas Markets have continued with an overall growth of 4%, with a total of 672.2 TWh traded in the month.
- Trading on the European Gas Spot Markets increased by 21% while European Gas Derivatives Markets showed a decrease of 15%.
- French PEG was one of the drivers on the gas derivatives markets, with an increase of 116% YoY.
- US gas derivatives markets by Nodal expanded by 334% compared to previous year.
Freight
- Trading in Dry Bulk Freight markets in March 2023 has seen an overall growth of 45% (100,940 contracts), with both Freight Options (+236%) and Freight Futures (+30%) reporting an increase YoY.
Agricultural Products
- In March, a trading volume of 4,082 contracts was reached in Dairy Futures, a 20% growth compared to the same period last year.
- Dairy Futures trading has developed well in recent months. The first quarter of 2023 has seen a record of 13,544 contracts at trading volumes, a 7 % increase over the previous quarterly record achieved in Q4 2022 (12,660 contracts). At Skimmed Milk Powder (SMP) trading, a record of 8,712 contracts was registered for the first quarter of the year, a 2 % growth over the record in the last quarter of 2022 (8,569 contracts).
Please find the full report attached as well as on the EEX website.
