Prices have stayed more or less around yesterday’s level in a Friday market short of momentum in any direction. But forecasts remain wet and mild, and a Swedish trader expects more downside next week predicting spot prices towards 270 NOK/MWh in two weeks time.
Encouraged by mild and wet forecast, the market has dropped significantly the last week, and yesterday’s reaction has been attributed to players limiting their short positions ahead of the weekend, plus an 872MW nuclear outage at Ringhals 2.- In a short term the market has been a bit oversold. The outage at R2 sparked a strong reaction. When the reactor resumed operation today the
Freitag, 24.10.2003, 12:03 Uhr
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