The Wednesday market continued the correction from yesterday, seeing that one more dry day disappears from the weather-map. V2-03 was down more than 10 NOK during early morning trading as a consequence, strengthening somewhat later, and like yesterday the market was summerly and thin. An analyst argued this morning that the only cure for a high-price scenario ahead is rain. Lots of it.
The German factor Seeing that the weather forecasts were wetter than yesterday brought prices further down during the morning hours. German prices is one factor that rules the price-picture at the moment, the analyst said, seeing that the situation on the continent is quite precarious. - The price-level that we see here right now is easily explained by the German price
Mittwoch, 16.07.2003, 11:42 Uhr
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