Prices in the Nordic forward market have continued the path south this morning with Q1-06 dropping below the support level of EUR 38/MWh.
This morning, the contract touched on EUR 37.80/MWh. The contract traded last at NOK 38/MWh (-0.45). Market players disagree on whether it will decrease further or gain. A broker argues for it to loose more ground:“If the weather prognoses are confirmed and we get the high temperatures forecast for the next couple of weeks I’d say Q1-06 may easily fall to EUR 36/MWh”.
Freitag, 4.11.2005, 11:53 Uhr
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