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Main points for last month:
- Activity picked up in November
- Nordic Hydro 2020 price fell 2 Eurocent from previous month
- Likely to quieten over the December holiday period
Trading activity was up compared to October, with respect to both volumes and transactions.
Current year Nordic Hydro continued its downward trend in price, shedding approximately a Eurocent compared to October. Current year trades comprised more than 44% of all transactions, which is a sharp rise from October (27%). Together with the falling price of Nordic Hydro, suggests that producers are keen to liquidate their 2020 vintage, which will expire in the upcoming year.
Spread between production years
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