Prices are plunging Friday morning. Q2-06 has dropped almost 6 euros from the top level seen at the start of this week, being last traded at EUR 50.90.
One Swedish trader is surprised that Q2-06 and Q3-06 have come off this quickly. “The downwards movement started when some long traders decided to take profit, but it is harder to explain why prices have continued falling,” he says.As he sees it, spot prices are at a high level, and the fundamental situation is still strained. The figures vary, but he estimates the hydrologic
Freitag, 24.03.2006, 11:46 Uhr
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