The strong hydrology and the high coal prices are pulling the Nordic market in different directions. The front end is still soft, while the years are being lifted considerably Tuesday morning.
Q2-08 has been traded in a tight range from EUR 41.00 to 41.35 so far, slightly up from yesterday's settlement. Meanwhile, YR-09 was last seen at EUR 50.65/MWh, up 80 cents day on day."Forecasts are still mainly wet and mild, while coal, oil and the German power market are firming. Consequently we have a classic situation where the long end of the curve is bullish, while the front i
Dienstag, 29.01.2008, 11:17 Uhr
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