The market is back on the weather track, after being sold down on soft fuel, carbon and German power. The hydrology is poor and cannot be ignored, players say.
Q4-06 traded at EUR 68.50 early this morning, but was lifted above EUR 70 on a drier weather forecast. The rise is quite reasonable, according to one analyst.“The fall has been surprisingly large in the past few days, but was triggered by the falling fuel prices and the German power market. However, the underlying fundamental situation is still weak, and prices should perhaps not h
Freitag, 22.09.2006, 11:03 Uhr
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