The April bull trend remains intact on Friday as forecasts remain dry and the spot price stays strong. But the weather should turn warmer next week and this could, according to a Norwegian producer, create a heavy down squeeze on spot and future prices throughout the Easter.
In a thin Friday market, most contracts are trading slightly up but liquidity is low. Next week is trading in the NOK/MWh 244-247 area while SO-03 was last traded at NOK 235.50, which is NOK 1 higher than it closed yesterday. Turnover at Nord Pool is only 469.5 GWh so far, much due to the approaching Easter holiday, many believe.“I am bit surprised that prices are not going higher
Freitag, 11.04.2003, 12:20 Uhr
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