The Nordic front quarter is dropping in a quiet market on Thursday morning as a result of wetter than average weather forecasts, a trader said.
The Q4 10 contract had shed EUR 0.46 day on day at EUR 47.59/MWh, while YR 11 remained flat at EUR 44.55/MWh. However, turnover at Nord Pool totalled only 289 GWh at the time of writing. "The market is extremely quiet, so one should be wary of reading too much into price movements. Wetter forecasts are pulling down the front quarter,” said a Finnish trader.
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Donnerstag, 8.07.2010, 10:52 Uhr
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