Nordic forwards are falling on Wednesday morning in reaction to the strong rise on Tuesday, traders said.
The Q1 10 contract was last seen at EUR 36.40/MWh, down EUR 0.55 day on day, while YR 10 had lost EUR 0.42 at EUR 35.40/MWh. "Tuesday's price surge was overdone and primarily spot driven, with a EUR 1 increase in the spread towards the [the short run] marginal cost of coal-fired production, which was not sufficiently underpinned by weather factors,” a Finnish trader said.
Mittwoch, 2.12.2009, 11:08 Uhr
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