GO market overview September 2020

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Update: 19 October 2020 - corrected errors in production year spread for Nordic Hydro

Main points for September:

• Trading volumes and transactions recovered from August.
  
• Further uptick in activity expected heading into the new quarter.
  

Trading activity, both volumes and transactions recorded, recovered sharply in September. Compared to July, transactions were up 17%, although trade volumes were lower (36% down) in September, the bookend to an uneven Q3.

Most (54%) of the recorded transactions were associated with current year or prior production. Hydro GOs (both continental EU and Nordic) accounted for more than 90% of transactions, although the return of trades for Nordic Wind was notable.

Current year Nordic Hydro continued its downward trend in price, shedding more than 2...