The Nordic power market is trading down on Friday on the back of weaker German power prices and stock markets, players said.
The Q3 09 contract was down 47 cents at EUR 36.05/MWh, while Year 2010 had dropped 53 cents to EUR 39.85/MWh. "The US stock markets fell on Thursday while there are no big changes to other fundamentals. Oil is above 60 dollars, but a weaker dollar is making oil cheaper for European customers,” said a Norwegian trader.
A weaker German power market is also impacting Nor
Freitag, 22.05.2009, 10:32 Uhr
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