The front end of the curve is strengthening on Tuesday morning on the back of colder weather forecasts, traders said.
The Q3 contract last traded at EUR 46.20/MWh at Nord Pool, up EUR 0.60 from Friday, while the Week 21 contract last traded at EUR 44/MWh, up EUR 1.80. "The latest weather forecasts predict colder weather, especially at the end of the [ten day] period. This will slow down the snowmelt and lift the spot price. This is why the front end is strengthening,” said Roger Lie, trader at Norwegian uti
Dienstag, 18.05.2010, 10:43 Uhr
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