Nordic power prices are falling due to more wet forecasts on Friday, but the liquidity is low as many traders appear to have taken the day off.
The Q3 11 contract last traded at EUR 53.20/MWh, down 55 cents day on day, while the 2012 contract was down 35 cents at EUR 51.20/MWh. "It is mainly the wet forecasts that are driving the market today, but I would not put too much emphasis on today's movements since the liquidity is low because of yesterday's holiday. The market is in a wait and see mood until Monday,” said a
Freitag, 3.06.2011, 10:59 Uhr
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