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Main points for October:
- Activity has been relatively quiet to start Q4
- Nordic Hydro 2020 price fell 2 Eurocent from previous month
- Activity likely to be muted for November as well
Trading activity was similar compared to September - while the number of trades was down approximately 20%, transaction volumes increased just under 10%.
Most (73%) of the recorded transactions were associated with forward year production. No 2019 trades were observed; this product is expected to be phased out heading into 2021. Hydro GOs (both continental EU and Nordic) accounted for nearly 90% of transactions.
Current year Nordic Hydro continued its downward trend in price, shedding more than 2 Eurocents compared to September.
Spread between production years
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