POWER: German Net Short Positioning Falls for Second Week
Feb-05 08:54
Investment Funds positioning in ICE German power futures reduced their net short positioning for the second consecutive week, with short positioning hitting its lowest in the month of January, according to the latest COT data as of 31 January.
- Investment Funds net short positioning declined to -12.47mn from -13.43mn in the week of 24 January. This is the lowest net short positioning over January 2025, which was between -12.47mn and -13.71mn.
- Investment Firms net short positioning decreased sharply on the week to -609,090 from -1.29mn the week prior.
- Commercial Undertakings reduced their net long positioning, after having increased it for four consecutive weeks, with positioning falling to 13.16mn from 14.74mn.
- German February power contract climbed by around 15% on the week at the end of 31 January owing to price moves in the energy complex and cooler temperatures.
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