Nordic power prices are firming Monday morning. Weather outlooks are still very mild, and wetter than normal, and players believe profit taking is triggering the rise.
Q1-07 has been traded up from EUR 50.00 to EUR 50.90, and the contract last changed hands at EUR 50.80.“The market has started out a bit firm, probably due to short covering and profit taking. In addition, the weather development is a little more uncertain at the end of the period,” an Oslo based trader comments.If the rainy weather continues, prices could fall again,
Montag, 20.11.2006, 10:48 Uhr
Redaktion
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