Nordic forwards are softening on Tuesday morning, with hydrology and the spot price keeping the front quarter near four-month lows, traders said.
The Q4 09 contract last changed hands at EUR 35.90/MWh, down EUR 0.25 on the previous close, while YR 10 traded down EUR 0.40/MWh at EUR 36.20/MWh. Traders were wary to take large positions, and only performed small adjustments when necessary, a Finnish portfolio manager said. "Water levels and the spot price weigh on the front end, while the long end reacts to the front and the marginal
Dienstag, 28.07.2009, 11:07 Uhr
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