der Kontrakt ließ weiter nach

English translation: contract continued to weaken

19:34 Jan 28, 2019
German to English translations [PRO]
Bus/Financial - Petroleum Eng/Sci
German term or phrase: der Kontrakt ließ weiter nach
Full sentence: "Ähnlich der Entwicklung am kurzen Ende ließ der Sommer 2019 Kontrakt weiter nach, was auch an der weiterhin absehbaren sehr guten Verfügbarkeit von Erdgas insgesamt liegen dürfte."

I assume "Sommer 2019 Kontrakt" belong together, though they may not...

The sentence before talks about the slight increase in oil price having a bullish effect on the gas price and summer 2019.
kj1308
United Kingdom
English translation:contract continued to weaken
Explanation:
Seems to make sense here

--------------------------------------------------
Note added at 22 mins (2019-01-28 19:57:27 GMT)
--------------------------------------------------

Compare with this:
"The Summer 16 contract continued to weaken, falling approximately half a penny to 27.6p/th, on the back of benign weather forecasts, high storage levels and continued strong LNG cargo arrivals." https://www.slideshare.net/bgenergy/bord-gis-energy-index-fe...
Selected response from:

Michael Martin, MA
United States
Local time: 17:33
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +4contract continued to weaken
Michael Martin, MA


Discussion entries: 1





  

Answers


14 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +4
contract continued to weaken


Explanation:
Seems to make sense here

--------------------------------------------------
Note added at 22 mins (2019-01-28 19:57:27 GMT)
--------------------------------------------------

Compare with this:
"The Summer 16 contract continued to weaken, falling approximately half a penny to 27.6p/th, on the back of benign weather forecasts, high storage levels and continued strong LNG cargo arrivals." https://www.slideshare.net/bgenergy/bord-gis-energy-index-fe...

Michael Martin, MA
United States
Local time: 17:33
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Thank you!

Peer comments on this answer (and responses from the answerer)
agree  David Hollywood: lots of options e.g. continued to fall off, slacken, flag and your suggestion is as good as any IMO
15 mins

agree  lirka: or even "lose momentum"
38 mins

agree  philgoddard: It means that the prices of futures and options contracts decreased.
1 hr

agree  Johannes Gleim: A good equivalent phrase.
1 hr
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search