The Thursday market remained bearish and the winter contract traded down another few NOK, despite the slightly drier morning forecasts. “We are surrounded by a wet weather type and the spot is under pressure,” a Norwegian trader said.
High amounts of precipitation have been delivered, more wet weather is expected as far as the forecasts go and the spot is under pressure. The price drop had to come, the Norwegian trader argued.- As expected prices are sliding, and the likelihood for high prices this winter are becoming small. On a weekly basis we may in fact already have seen the price peak for this winter, with week 4
Donnerstag, 11.12.2003, 12:10 Uhr
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