Persisting mild and wet weather is pushing prices further down this morning, with Q1-07 falling below EUR 52, the lowest level since 8 June. The contract has fallen more than 15 per cent during November.
The main reason for the plunging prices is the weather, where forecasts show temperatures 4-5 degrees above normal and precipitation amounts ranging from around 150 to 200 per cent.“All factors are pulling in the same direction. We are now approaching the correct fundamental level, but there is still room for more,” says Bjørn Steffensen at Kraftinor, referring to the year co
Donnerstag, 16.11.2006, 11:16 Uhr
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