Nordic forward prices are falling on Monday morning, due to bearish fuels and a somewhat lower spot price than expected, players said.
The Q2 09 contract was last seen changing hands at EUR 34.75/MWh on Nord Pool, down EUR 1.35 from Friday's settlement.
"Increased precipitation in Norway during the weekend, and expectations of more to come today, put pressure on the spot and pulled the front down. Further out, the movements were bearish due to loweroil and coal prices,” said Jens Østbye, trader
Montag, 12.01.2009, 11:48 Uhr
Redaktion
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