Forward prices continue north Tuesday morning. Players point at a possible high pressure building next week as the main reason, but that the outcome is quite uncertain. High-priced German power and carbon allowances are also contributing to the firm Nordic market.
“The market is strengthening based on expensive commodities and a firm German power market. In addition, the weather forecasts still indicate a high pressure building next week. However, the market also rose yesterday on the back of the possible weather change, and so prices might have gone too far up,” says a Norwegian trader.He assumes there is an underlying fear of a dry a
Dienstag, 17.01.2006, 11:17 Uhr
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