The forward curve continues to get steeper, as the front is pushed down by wet weather and weakening spot prices while the strong coal market is lifting the years.
Front contracts are being traded more than two euros below Friday's close, with Q3-08 last seen at EUR 49.35/MWh (-2.25). Meanwhile, YR-09 has gained 85 cents to EUR 65.05 at Nord Pool."The trend is continuing, with wet weather and disappointing spot prices affecting the short-term market, while strong fuel prices are keeping the years firm," one Norwegian trader said.A playe
Montag, 23.06.2008, 10:51 Uhr
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