Nordic power forwards are falling on Tuesday morning on the back of milder and wetter forecasts, traders said.
The Q1 11 contract fell EUR 1.95 day on day to EUR 73.25/MWh, following an intraday low of EUR 71.75/MWh. Meanwhile, the January contract had shed EUR 2 at EUR 78/MWh. "The latest forecasts show milder and wetter conditions towards the end of the 10-day period. However, I find it hard to see how fundamentals alone would explain today's price drop,” a continental trader said.
Dienstag, 14.12.2010, 10:44 Uhr
Redaktion
© 2024 Energie & Management GmbH