Lacklustre Markets

31 May 2006

Markets bore traders into submission and allow most to balance portfolios before the markets die completely as a result of the World Cup.

The power gas and emissions markets, have become distinctly uninteresting. It was clear that the effects of the emissions world had been cuasing many players to keep their powder dry, and after the verification data was annoucnced players were able, to trade round the information. It is becoming clearer that the emissions market has got serious sellers at €20/tonne and serious buyers at €15/tonne. This means that the markets have become a little lacklustre as they trade in ever tightening ranges, at the moment €18.00-€19.50. As we know emissions effects the other markets, we have seen ranges created for UK power with Winter 06 trading between £64.00 and £68.00/MWh. Winter 06 gas although under some more interesting pressure in the form of fundamentals (Rough and new Norwegian supplies) is also trading in a 83-87p/therm range.


Carbon  Storage 

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