Bullish remains the name of the game this morning, as the main forward contracts have reached their highest level so far this year. Soaring CO2 prices are once again cited as a major contributor.
In a quiet morning session, the main forward contracts have reached new record for the year with the SO-05 contract reaching 210.50 NOK/MWh and V2-05 245.50. A Danish trader said slightly drier weather forecasts was one reason for today’s movements, but that the main reason lies in the soaring CO2 and fuel prices.The CO2 price for 2005 delivery has been traded at EUR 13.25 at Nord
Montag, 21.03.2005, 11:44 Uhr
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