V1-04 was slightly bullish before the Nord Pool open, but without difficulty the contract was traded down to the 270s during the morning session. Not many players consider the risk for a high-price scenario this winter likely now, a Swedish trader said, and was supported by a Norwegian who pointed to the unexpectedly weak spot.
Prices keep going straight down, exactly what the market has waited for, the trader at a Swedish producer held. Low consumption, improved hydrology and full access to capacity have reduced the general risk for a high price scenario this winter. - There has to be some risk premium in the winter contract, but I think it is likely that it will be delivered below today’s level. The con
Donnerstag, 18.12.2003, 11:54 Uhr
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