Forward prices at Nord Pool have come off during the morning session. The hydrological situation has improved slightly from last week, and forecasts show above normal precipitation and temperatures in the coming ten day period.
“Prices are easing off after a firm start, mainly due to the precipitation delivered recently, and still rather wet forecasts. The market is still quite cautious, and waiting for new signals in the weather, which in my opinion is the most important factor right now,” says one trader. One contributing factor to the soft market could be traders exiting long positions, because t
Montag, 6.02.2006, 11:37 Uhr
Redaktion
© 2024 Energie & Management GmbH
