Nordic forwards are rising on Thursday on dry forecasts, despite overall bearish signals further out on the curve from CO2, German power and coal, traders said.
The Q1 10 contract was last seen at EUR 38.40/MWh, up EUR 0.51 on Wednesday's settlement, while YR 10 was last seen up EUR 0.40 at EUR 37.15/MWh on the previous close. "Drier weather and a gradually weakening hydrological balance are lifting the front end, while CO2, German power and coal display bearish input,” a Norwegian trader said. "Weather is the main driver,” a F
Donnerstag, 5.11.2009, 11:44 Uhr
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