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Energie & Management > Commentary - Market - Gravity at work
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Commentary

Market - Gravity at work

The morning market was quiet, but overall prices fell quite a few NOK seeing more wet weather forecasts. The spot is expected to collapse in not many days, and the trend is unambiguously bearish, players maintain. “It’s soaking wet. And these lows seem to have no ending,” a Norwegian trader said. “This doesn’t smell of 1996 anymore. It stinks of 1996,” a trader at a Norwegian production company said.
With new deep low pressures making their presence known, along with extreme amounts of precipitation delivered, prices were going in one direction only this morning. “Everybody” is waiting for the spot collapse, and traders we spoke with saw it coming in just a few days.Formidable downsideThis weekend the system price should come down towards 200 NOK/M
Donnerstag, 25.09.2003, 11:44 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
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E&M  Commentary
Freitag, 26.09.2003, 12:00
Market - Not too eager on the downside today
The Friday morning market was calm and thin. Prices lifted a little at open, but sagged down towards noon, V2-03 and V1-04 down to around the Thursday close. A trader at a Norwegian production company believed that players probably had become a little too eager on the downside lately, and argued that the hydropower producers won’t start producing as much water as some may think. “The trend is down, but this is not 1996,” he said.
Energie & Management > Commentary - Market - Not too eager on the downside today
Freitag, 26.09.2003, 12:00
E&M  Commentary
Market - Not too eager on the downside today
The Friday morning market was calm and thin. Prices lifted a little at open, but sagged down towards noon, V2-03 and V1-04 down to around the Thursday close. A trader at a Norwegian production company believed that players probably had become a little too eager on the downside lately, and argued that the hydropower producers won’t start producing as much water as some may think. “The trend is down, but this is not 1996,” he said.
mehr
E&M  Commentary
Mittwoch, 24.09.2003, 11:44
Market - About the spot
The market was at rest this morning, taking in the two last days’ significant price drop and awaiting a very uncertain system price for tomorrow. After yesterday’s power cut in Southern Sweden and parts of Denmark, much is still quite unclear regarding the situation, a Norwegian said. But prices are still too high, a Swedish trader argued.
Energie & Management > Commentary - Market - About the spot
Mittwoch, 24.09.2003, 11:44
E&M  Commentary
Market - About the spot
The market was at rest this morning, taking in the two last days’ significant price drop and awaiting a very uncertain system price for tomorrow. After yesterday’s power cut in Southern Sweden and parts of Denmark, much is still quite unclear regarding the situation, a Norwegian said. But prices are still too high, a Swedish trader argued.
Energie & Management > Commentary - Market - Gravity at work
zurück
Commentary
Market - Gravity at work
The morning market was quiet, but overall prices fell quite a few NOK seeing more wet weather forecasts. The spot is expected to collapse in not many days, and the trend is unambiguously bearish, players maintain. “It’s soaking wet. And these lows seem to have no ending,” a Norwegian trader said. “This doesn’t smell of 1996 anymore. It stinks of 1996,” a trader at a Norwegian production company said.
With new deep low pressures making their presence known, along with extreme amounts of precipitation delivered, prices were going in one direction only this morning. “Everybody” is waiting for the spot collapse, and traders we spoke with saw it coming in just a few days.Formidable downsideThis weekend the system price should come down towards 200 NOK/M
Donnerstag, 25.09.2003, 11:44 Uhr
© 2024 Energie & Management GmbH
Mehr zum Thema
mehr
E&M  Commentary
Freitag, 26.09.2003, 12:00
Market - Not too eager on the downside today
The Friday morning market was calm and thin. Prices lifted a little at open, but sagged down towards noon, V2-03 and V1-04 down to around the Thursday close. A trader at a Norwegian production company believed that players probably had become a little too eager on the downside lately, and argued that the hydropower producers won’t start producing as much water as some may think. “The trend is down, but this is not 1996,” he said.
Energie & Management > Commentary - Market - Not too eager on the downside today
Freitag, 26.09.2003, 12:00
E&M  Commentary
Market - Not too eager on the downside today
The Friday morning market was calm and thin. Prices lifted a little at open, but sagged down towards noon, V2-03 and V1-04 down to around the Thursday close. A trader at a Norwegian production company believed that players probably had become a little too eager on the downside lately, and argued that the hydropower producers won’t start producing as much water as some may think. “The trend is down, but this is not 1996,” he said.
mehr
E&M  Commentary
Mittwoch, 24.09.2003, 11:44
Market - About the spot
The market was at rest this morning, taking in the two last days’ significant price drop and awaiting a very uncertain system price for tomorrow. After yesterday’s power cut in Southern Sweden and parts of Denmark, much is still quite unclear regarding the situation, a Norwegian said. But prices are still too high, a Swedish trader argued.
Energie & Management > Commentary - Market - About the spot
Mittwoch, 24.09.2003, 11:44
E&M  Commentary
Market - About the spot
The market was at rest this morning, taking in the two last days’ significant price drop and awaiting a very uncertain system price for tomorrow. After yesterday’s power cut in Southern Sweden and parts of Denmark, much is still quite unclear regarding the situation, a Norwegian said. But prices are still too high, a Swedish trader argued.

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