Nordic forwards are firming on Monday morning on forecasts of high pressure, while the price outlook for the autumn is bearish, traders said.
The Q4 contract last changed hands at EUR 34.20/MWh, up EUR 0.20 on Friday's close.
"Slightly drier weather is lifting the front end, but a low spot price limits the upside. Meanwhile, the autumn outlook is rather bearish, but depends on the return of Swedish reactors [from maintenance], as well as the weather,” a Swedish trader said.
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Montag, 7.09.2009, 10:51 Uhr
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