Across the board, forward prices have decreased significantly this morning, mainly due to wetter weather forecasts. In addition, carbon prices are also down and so are the German power prices.
“We saw both the Nordic YR’06 and the German Cal’06 hit record levels last week and after that they’ve fallen back again. I’d say there is an upside to the forward curve, eventually, but first we’ll have to ride out this correction,” says a Norwegian trader.He argues that if the weather turns dry again, it’s likely the YR’06 contract
Donnerstag, 20.10.2005, 14:18 Uhr
Redaktion
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