Nordic forwards are settling into rangebound territory on Thursday morning, with players anticipating trend-setting news from the US car industry amid an uncertain atmosphere, traders said.
The bellwether front quarter was last seen at EUR 36.35/MWh, down EUR 0.30 on the last settlement, while the front year remained unchanged from the previous close at EUR 39.60/MWh.
"Nobody dares to make a move before news on a possible General Motors bankruptcy. Nordic power prices follow the global financial market and large US news like sheep,” a Finnish trader said.
Donnerstag, 28.05.2009, 11:16 Uhr
Redaktion
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