The week started off with a price lift in the forwards and SO-04 was lifted to 224.25 NOK/MWh. In the sluggish morning market that looked capable to tilt either way, players disagreed whether we’d see the contract at 225 NOK/MWh and above.
- The market just wouldn’t go down this time, and someone decided that we shouldn’t be short after all. I’m not very bullish about the nearest future, however, and believe that as we get to March the summer will start coming down again. In the course of next month the contract most likely will be traded below 200 NOK/MWh. I also doubt that we’ll see it above 225 NOK/MWh
Montag, 23.02.2004, 11:30 Uhr
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