The morning market gapped down for the third consecutive day, seeing that weather forecasts are wetter, triggering stop losses on the way. V2-03 opened weak at 290 NOK/MWh, fell to 287 NOK/MWh, from where the contract lifted back above 290 NOK/MWh.
It is very sensible that prices are coming down now, a trader at a Norwegian production company said. A trader at a Swedish producer agreed, and believed that “everybody” is happy to see precipitation over Scandinavia.The 30 NOK lift on Monday has now been corrected back over the last three days. Players agreed this morning that the present price-level looks more sensible, t
Donnerstag, 17.07.2003, 10:48 Uhr
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