Weekly GO Market Brief - Week 35, 2021

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Last week’s trading

• Week 35 witnessed a steady increase in market activity with transactions and traded volumes increasing by over 40%, as market players return from summer vacations. 

• Market prices increased for most products. The highest price increase was witnessed in the Nordic Hydro 2022 GO product (10.2%) attributed to continued reservoir level concerns and market players hedging forward-year portfolios from higher prices.
• Market players continue to report bullish to stable outlooks on GO prices for the rest of the year with the belief that there will be steady demand at current price levels.

According to data from our data partners, this week saw a further increase in market activity compared to the previous week, as transactions recorded and traded volumes both increasing...