Nordic forwards are falling on Thursday morning on the back of a weaker fuel complex and wetter weather forecasts, but front curve prices could bottom out at current levels, a trader said.
The Q3 10 contract was last seen at EUR 43.75/MWh, down EUR 0.60 day on day, while YR 11 had lost EUR 0.20 at EUR 41.60/MWh. Forwards were still reacting downwards to a sharp rise earlier in the week, while wetter forecasts combined with a weaker fuel complex and emissions resulted in "aggressive selling” on the front curve, traders said. "I'm a bit surprised by the rather large fa
Donnerstag, 8.04.2010, 11:16 Uhr
Redaktion
© 2024 Energie & Management GmbH