Nordic forwards are firming on Monday morning on the back of drier forecasts, but turnover is thin and the whole curve is tracking the front quarter, traders said.
The Q3 10 contract had gained EUR 0.60 at EUR 48.90/MWh, having peaked earlier at EUR 49.20/MWh. The front year had risen by EUR 0.55 to EUR 47.30/MWh. The entire Nordic power curve was following the Q3 10 contract, which was driven almost exclusively by the hydrological outlook, said a Finnish trader. "The hydrobalance is the key driver. Even minor changes cause a big price impact. The
Montag, 21.06.2010, 11:07 Uhr
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