The forward market is strengthening further Wednesday morning, and players attribute the rise to the somewhat dry and cold forecasts as well as strong CO2 prices.
The Q4-07 contract was lifted above the EUR 36/MWh mark after a sideways opening, while YR-08 has surged past EUR 45. One trader sees the weather outlook as the main reason for today's rise. "The market is quite firm, and mainly weather driven. It opened sideways, before a dry EC00 forecast helped lifted the curve around 50 cents," he says. There are indications of more high pressure dom
Mittwoch, 29.08.2007, 11:23 Uhr
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