Monday, 15 October 2018
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Trading during last week was characterised by thin volumes and a continued correction, similar to week 40. Nordic Hydro 2018 production saw the most trades last weeks as it continued its trend of increased liquidity during a week where most products saw few or no trades.
The recovering water reservoir levels have contributed to the current price drop for Nordic Hydro GOs. However, water reservoir levels have not yet recovered to normal levels and we don’t expect the situation to change for the remainder of Q4-18 and for Q1-19 as we are entering the winter period. This is due to forecasted cold weather contributing to precipitation that will be almost only snow in the mountain regions and thus leading to lower reservoir inflow. Dry weather is expected to provi...