There is no need to cry skyrocket, a Norwegian trader said this morning, as the autumn contract was lifted to NOK 158 during thin Monday morning trading. The market will have to wait until mid-August for a break out of the current range, he held, and chances are still greater on the downside.
Spot maintenance Somewhat drier forecasts and a relatively strong system price lifted the market Monday. The producers maintain full control, and export is high due to German prices keeping their stand. A break out of the range is not expected quite yet, however.An Oslo-based trader argued that the producers would just commit collective suicide by lowering the spot b
Montag, 22.07.2002, 12:27 Uhr
Sara Fagernes
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