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Energie & Management > Commentary - Nordic Market - Uncertain spot
Commentary

Nordic Market - Uncertain spot

Prices are easing off Tuesday morning, following yesterday's sharp rise. However, the market is described as very uncertain, with the spot price development being the key factor.
Q3-08 opened at EUR 37.75, and has since been traded between EUR 37.00 and 38.10. "There was a volatile start today, which is a natural consequence of yesterday's repricing of the market. Players are adjusting their positions, and many are probably downscaling their exposure to wait and see what happens," one Norwegian trader said.He assumed a lot of players had to close thei

Dienstag, 1.04.2008, 11:55 Uhr
Redaktion
Energie & Management > Commentary - Nordic Market - Uncertain spot
Commentary
Nordic Market - Uncertain spot
Prices are easing off Tuesday morning, following yesterday's sharp rise. However, the market is described as very uncertain, with the spot price development being the key factor.
Q3-08 opened at EUR 37.75, and has since been traded between EUR 37.00 and 38.10. "There was a volatile start today, which is a natural consequence of yesterday's repricing of the market. Players are adjusting their positions, and many are probably downscaling their exposure to wait and see what happens," one Norwegian trader said.He assumed a lot of players had to close thei

Dienstag, 1.04.2008, 11:55 Uhr
Redaktion

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