The Tuesday market remained bearish seeing continued wet weather forecasts. A trader at a Norwegian production company argued that the most likely outcome ahead is nevertheless precipitation around normal, while another trader pointed out that precipitation must deliver in an extended time frame.
- Despite the wet spikes that we now see in the forecasts, I think the actual precipitation delivered ahead will be about average, like we saw in April. The autumn contract stops quite abruptly above 262 NOK/MWh this morning, with distributors and sizeable end-users buying on this lower floor level, knowing that there is no guarantee that an awful lot of precipitation will come or that prices w
Dienstag, 4.05.2004, 11:47 Uhr
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