Nordic forwards are staging a slight recovery on Thursday morning on the back of drier forecasts and stronger fuels and emissions, as a thinly traded market shifts focus to the third quarter.
The Q2 11 contract had risen by EUR 0.86 to EUR at EUR 55.70/MWh, while the more liquid Q3 11 contract had gained EUR 1.16 at 53.50/MWh at the time of writing. "Forecasts are mixed, but I interpret them as less wet than recently, which underpins the front curve,” a trader based in Denmark said.
Meanwhile, firmer German power, coal and CO2 support the back end of the c
Donnerstag, 31.03.2011, 11:35 Uhr
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