Nordic forwards are falling on Monday morning, driven by a weak spot price and wet weather, but there is still a way to go before prices bottom out, traders said.
The Q4 09 contract was last seen at EUR 31.19/MWh, down EUR 0.96 on Friday's close, while YR 10 had shed EUR 0.70 at EUR 33.15/MWh. "Monday's low spot price is the largest factor behind the weak opening on the front curve. Slightly wetter than normal weather forecasts are also contributing,” a Finnish trader said.
Storm Weather Centre expects 8,65 TWh of precipit
Montag, 21.09.2009, 11:23 Uhr
Redaktion
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