The Friday morning market was traded up a notch, V1-04 up to 377 NOK/MWh, seeing slightly drier weather outlooks. A Swedish player argued that the market is still overpriced, while a trader at a Norwegian production company held that since the outlooks for wetter weather seems to fail, the downside is very limited.
The outlooks of a wetter weather trend do not seem to be realized, the trader said. He nevertheless held that fundamentally the market is overpriced, but with normal amounts of precipitation ahead he still saw no huge downside.- We will have to wait and see what eventually is delivered, and right now it looks as if the weather we can expect for the period ahead will turn out relatively n
Freitag, 14.11.2003, 12:49 Uhr
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