Nordic forwards are trading within a range market, following yesterday's efforts to lower the curve. Despite buying interest having eased off following a 10-day rise, Q4 is still up by circa EUR 10 compared to early August, while YR-09 has gained approximately EUR 8, and no bearish signs are yet sight.
Mattias Hellberg from Shepherd Energy believed Monday's dip was only momentary, unless the spot price truly recedes over the coming period."Today, the market has started buying again, with some continental traders coming back in and finding prices quite cheap. A lower spot needs to be confirmed before we can move further down, and I find it difficult to see a downside," the Swedish
Dienstag, 26.08.2008, 10:45 Uhr
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