All arrows are pointing south in the Nordic power market amid a torrent of bear signals, including wet and mild weather, falling oil, softening coal and CO2, as well as a weak spot delivery on lower demand.
The front quarter saw a low of EUR 66.75/MWh, down EUR 1.95 on Friday's close, while the Year-09 was last seen at EUR 57.30/MWh, displaying a loss of EUR 2.60.A trader based in Switzerland observed a singularly negative market sentiment as well as the repercussions of a general economic slowdown. "The credit crunch is the main driver. I believe in continued weak signals, with a down
Montag, 6.10.2008, 10:37 Uhr
Redaktion
© 2024 Energie & Management GmbH