The market is trading in the red on Wednesday with the Winter2 following the system price down, and Year03 breaking through the support level of NOK 167.50. A Norwegian producer believes prices have reached the top for the time being, while an analyst expects prices to strengthen again next week when the weather turns dry again.
The system price and the Winter2 contract are very much following each other at the moment, and yesterday’s fall in the system price sparked another southern correction on the most traded forward contract. A Norwegian analyst argued today that Winter2 is likely to stay in the NOK 180-184 range in the days ahead, and that a stronger system price next week will lift it towards the upper end
Mittwoch, 4.09.2002, 12:01 Uhr
Olav Vilnes
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