Nordic forwards are weakening on Tuesday morning, with the front quarter hitting a 14-month low on the back of wet weather input as hydropower producers facing mounting production pressure.
The Q4 11 contract was last traded down EUR 0.68 day on day at EUR 42.65/MWh, having recovered from a low of EUR 42.50/MWh, a price not seen since 30 July 2010. "The weather is wet again. Strong hydrology dominates the Nordic front curve,” a Norwegian trader said. Soft spot prices continue to put "enormous” pressure on hydropower operators to produce, with players "battling
Dienstag, 27.09.2011, 11:08 Uhr
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