With much rain expected this weeekend, spot prices are likely to stay low into the start of next week. However, most contracts went upwards this morning, partly due to the colder and drier forecasts in the end.
– From a fundamental perspective there is not much new today. The forecast are a bit wetter in the front, but dry from the middle or end of next week. I think this is the main reason why prices are up this morning, a Norwegian trader said.He believed spot prices would drop to around 210 on Saturday and 200 on Sunday, and stay in the 220-225 area on Monday. – There is much wat
Freitag, 1.10.2004, 11:48 Uhr
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