The weak spot, slightly wetter outlooks and mild temperatures brought the morning market down. “It’s thin, but at least this morning’s movement looks more correct than the lift at the end of last week,” a Norwegian trader said, and added that V1-04 is nothing but a game at the moment.
A Swedish trader agreed, but characterized the present as a market short of power in which the only discussion is what the premium should be. - The market is constantly reconsidering the premium. Up until delivery it is natural that the traders have, say, a 30 NOK premium in V1-04, but what it should be is constantly being revaluated. Whether prices will be up or down tomorrow or the day
Montag, 1.12.2003, 11:55 Uhr
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