Selling interest continue to dominate the Nord Pool market on Wednesday despite a stronger opening mainly contributed to profit-taking. “The forwards are fundamentally under priced but should follow the front-end products down until they reach the NOK/MWh 250 level”, said a Norwegian analyst.
Most contracts opened up today as players adjusted their positions after two days of strong southern movements. But buying interest didn’t support a correction up, and the market resumed its southern journey during morning hours seeing next week dropping below NOK 270 and the Summer 03 last traded at NOK 225.00.“The spot has been very weak lately due to low consumption. Warm
Mittwoch, 19.03.2003, 11:56 Uhr
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