On the prompt, prices gained in Thursday’s session, despite a better balanced system at the beginning of the session. Within day and day ahead prices were seen much higher the September contract. Week ahead contracts gained around 0.6 p/th.  The BOM was assessed higher by almost 1p/th, but still remained at a discount to the day-ahead prices. The front month prices was assessed at about 0.5 p/th higer than its previous close. 

Prices on the curve were bullish on Thursday, as prices rallied during the afternoon. The front month contract opened below its previous close, but gained during the afternoon rally, closing at its highest level in three weeks. The front winter followed the same movement, closing around 0.6 p higher. The forth quarter basis widened further due to a discussions of a potential autumn surplus. 

Further out prices moved in line with earlier dated contracts.