Slightly drier forecasts stopped the downfall this morning. Traders still believe the trend will continue down, though.
– The market was quite stable before the heavy rainfall, and it seemed like nobody felt that the market was overpriced. But now it moves down, purely based on weather. We got nearly 1 TWh more than expected, which is good for the reservoirs before the snow settles, a Norwegian trader says.He believes that there is a risk for spillway if producers continue saving water. – I gu
Freitag, 12.11.2004, 11:47 Uhr
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