More damp forecasts pushed the market down this morning, but the most traded forward contracts remain well inside their established range. “At the moment we have a split market. A big snow surplus indicates a big downside potential on the front products, but from late autumn things look much more bullish,” argues a Swedish trader.
The weather forecasts have turned wetter overnight, triggering selling interest this morning. Particularly the front products have fallen sharply, with the week- and month ahead contracts dropping 8 and 6.75 NOK/MWh respectively. V2-05 is down 4 NOK at 283.50 while Year 06 holds firmer with a last trade of 32.60 EUR/MWh (-0.15).A Swedish trader sensed a widening gap between the summer an
Donnerstag, 9.06.2005, 11:46 Uhr
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