Nordic power forwards are softening on Wednesday morning, following a firm opening, with price movements being driven by large buyers, rather than fundamentals, said players.
The Q4 11 contract had softened by EUR 0.35 day on day at EUR 49.35/MWh, down from a high of EUR 50.25/MWh hit earlier this morning. The firm opening was driven by a strong closing on Tuesday for German power and CO2, but the Nordic power curve soon lost momentum, tracking a soft energy complex, trader Arne Österlind from Sweden's Shepherd Energy said. "The market lacks support, wit
Mittwoch, 24.08.2011, 10:51 Uhr
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