Tumbling stock markets are having a limited impact on Nordic power on Friday, with forwards rising slightly on the back of drier forecasts and stronger coal and German power prices, players said.
The bellwether Q3 10 contract was last seen trading at EUR 48.95/MWh at Nord Pool, down 5 cents day on day. The Year 2011 contract was down 40 cents at EUR 46.90/MWh. "In some respect the market is surprisingly firm given tonight's movements in the stock markets. But if we look at the factors that are more crucial for the power market, we see that coal remains above USD 100/t while carbo
Freitag, 7.05.2010, 10:44 Uhr
Redaktion
© 2024 Energie & Management GmbH