The forward market opened firmer on the back of drier forecasts, but prices have since eased off again. The fundamental picture is still pointing in the direction of lower prices, players say.
One Swedish trader says he sees a limited upside in the autumn prices. "The forecasts are a little drier, and the delivered precipitation was less than expected this weekend. However, there is a considerable surplus in the hydrological balance, making it hard to lift the Q4-07 price. I still believe in the downside." A Norwegian trader argues along the same line: "The weather outlook is uncerta
Montag, 20.08.2007, 11:19 Uhr
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