A faintly bullish opening has later phased out into a sideways movement on the front quarter, while there has been slightly more pronounced buying taking place on the long end of the curve following yesterday's rebound in the fuel complex.
A trader based in Finland pondered whether the yearly products had yet found the floor level, mimicking movements in the highly volatile fuel market. "My guess is we will go a bit further down into next week, before any new upsurge will start taking place."Nevertheless, he acknowledged that the spread towards the marginal cost for coal-fired generation meant the upside for YR-09 remains
Freitag, 25.07.2008, 11:00 Uhr
Redaktion
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