Trade at Nord Pool opened on a bullish note in the front end, while the long curve weakened somewhat, with insecurity dominating the way ahead. Traders see a particularly large potential both ways for Q3, since it is contingent upon rainfall at end of the month.
During the morning session, the front quarter witnessed an all time high, touching a peak of EUR 54.50/MWh before easing off again, last seen at EUR 54.15/MWh. Meanwhile, YR09 struggled to hold its ground, momentarily dipping below EUR 60/MWh in early trade, seen up again at EUR 60.00/MWh at the moment of writing.A Finnish trader identified a drier weather outlook as the main driver for
Mittwoch, 4.06.2008, 11:41 Uhr
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