Weekly GO Market Brief – Week 19, 2020

The previous week saw a continuation of a demand driven increase in liquidity for forward products. The demand from end consumers pushed prices up for vintages 2021, 2022 and 2023 pointing to a return of more normal market conditions.

Nordic Hydro saw trades across a range of vintages, with 2021 production trading up to 29.50 Eurocent/MWh, from 25.00 Eurocent at the beginning of the week. Nordic Hydro 2022 and 2023 saw a massive price increase of about 20% with significant traded volumes, with prices closing at 40.00 and 41.25 Eurocent/MWh respectively.

W...