Nordic forward prices are falling on Wednesday morning on the back of wet weather forecasts, players said.
The Q2 11 contract last traded at EUR 50.05/MWh at Nasdaq OMX, down EUR 1.25 from Tuesday, while the YR 12 contract last changed hands at EUR 45.20/MWh, down 25 cents. "The market rose early on due to a cold and dry weather forecast, but then a wetter forecast brought it down again. The market is very sensitive to changes in the weather,” said a Danish trader. "The fundamental situ
Mittwoch, 26.01.2011, 10:44 Uhr
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