Lower prices in Nordic forward market

Focus week 24: The last week has been characterised by high levels of volatility in the market. A change in the weather forecast and a carbon emissions allowance market experiencing pressure, combined with a slightly lower fuel complex, has pushed down the prices.

Here and now

The trend in the Nordic forward market has been characterised by changing weather forecasts and a volatile fuel market. Nevertheless, at the current time it looks like the temperatures will get closer to normal, and the weather forecasts confirm more precipitation for the coming period. This meant that the Q3-18 contract was traded down substantially on Monday, with some of the loss being regained on Tuesday. The YR-19 contract was also influenced by a lower carbon emissions allowance price and a lower fuel complex. The contract was traded down to its lowest level for more than a month.

Read Focus here.