After dropping strongly yesterday, prices are up across the board at Nord Pool with Q4-07 gaining more than a euro to EUR 38.15/MWh and Year 08 last seen at 46.55 (+0.65).
"The sole reason for today's price increase is the weather forecasts, which predict a drier development next week than yesterday's forecasts," says a Finnish player.A Swedish trader agreed, even though he felt the price level on the Q4-07 contract has gone too high. "Fundamentally the market is overpriced. At the moment it is short term trading interest that drives developments and the a
Donnerstag, 2.08.2007, 10:48 Uhr
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