Prices rose at the opening, but a wetter forecast pushed most of the contracts below yesterday’s settlement.
Q4-06 opened at EUR 57.00/MWh, but has eased off to EUR 56.35. One trader says there is a tendency of profit taking in the market. “Prices have showed steady gains lately, and when prognoses indicate a wetter ending, players feel it is time to secure some profit,” he assumes. Other factors are still bullish however, he adds, with strong prices for oil, carbon and German power.
Mittwoch, 12.07.2006, 11:11 Uhr
Redaktion
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