Nordic forward prices are falling on Tuesday morning due to wetter weather forecasts and weakening German forwards, traders said.
The Q3 contract last traded at EUR 45.55/MWh at Nord Pool, down EUR 0.90 from Monday, while the Year 2011 contract last traded at EUR 45.40/MWh, down 60 cents. "The market opened high, but we got a confirmation of the wetter weather forecast, we see some profit taking, and the German prices have also stopped climbing. The market is waiting for new signals,” said Pål Johannesen, trader a
Dienstag, 27.04.2010, 11:19 Uhr
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