Forward prices continued down in early trade, before strengthening to above yesterday’s close. The market is oversold, and a correction is a natural consequence of the long lasting fall, players say.
Still, the forecasts remain very wet and mild, and in a longer perspective there is a further downside potential for the quarterly contracts, according to market players. “At the moment, however, the market is oversold, and as prices are falling below the marginal costs for coal power, more buyers are entering the market. In addition, the German power prices seem to meet some support at t
Dienstag, 9.01.2007, 11:31 Uhr
Redaktion
© 2024 Energie & Management GmbH
