German Cal 20 tanks as economic outlook worsens

摘要

German year-ahead power fell to a four-month low of Eur46.29/MWhOctober 3 as recession loomed, and carbon and fuel markets fell. Thecontract has shed 10% over the past three weeks with the market“fiercely bearish”, broker Energi Danmark said.EU carbon prices plunged early October, down by a quarter fromJuly’s peak of Eur30/mt to trade as low as Eur23/mt amid little buyinginterest, Brexit uncertainty and weak physical power marketfundamentals.