Nordic forward prices are easing off, after rising at opening. The weather forecasts are moving in the direction of more low pressure activity in the long-range period. Q1-06 opened at EUR 39.70, and traded as high as 39.85 before turning and dropping to 39.45, down 15 cents from yesterday.
“Right now it is all about positioning. The Norwegian hydro producers have had enormous amounts of precipitation lately, and in their opinion, the market is overpriced. However, the hydro producers are not the ones setting the price this winter. The high marginal costs at coal and gas-fired plants in Finland and Denmark will determine the price,” one trader says. Based on this assum
Donnerstag, 17.11.2005, 11:32 Uhr
Redaktion
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