In order to use the right distribution, we note that forward prices
show a small variability; hence there are no fat tail phenomena to be taken into account, at least at such a time scale, we need a symmetric distribution in order to better fit related time series and we suppose that the (daily) small variations in the forward price
component depend on a certain number of hidden variables whose global effect can be efficiently summarized by a central limit theorem approach.
The graphs are compiled using market data from end-of-day reports; and provide information about what 1-year forward prices
for gas and power are likely to be if clients "went to market" on that day.
This paper provides a quantitative assessment of the Colombian electricity forward price
premium, which is defined as the discrepancy between spot and forward prices
in the Colombian market.
The forward price
was still at $3,051 on Friday thanks to some fund buying but then the market was hit by a surge in the value of the US dollar and the three-months price closed the week unchanged at $3,001.
However, the effect has reversed to a large extent during the first weeks of 2011, due to a decrease of 2011 Nord Pool forward prices
NORDIC BUSINESS REPORT-January 18, 2011--Finnish Fortum's Q4 2010 hit by high forward prices
on energy(C)2011 M2 COMMUNICATIONS http://www.
But the tide has begun to turn, with forward prices
for 2005 up by as much as 40pc on levels seen just a few months ago, making power stations an attractive investment again.
Aluminium: Backwardationsin the forward prices
may be evident to next February but this is doing nothing to help the overall price.
Bell told the meeting that current forward prices
value wheat for the coming harvest at around 75 [pounds sterling] per tonne - 15 [pounds sterling] per tonne higher than last season.
Are oil and gas forward prices
unbiased estimates of oil and gas prices in the future?
Copper, aluminium and nickel contracts featured, with most of the action being in the spreads between the cash and forward prices
That's not to say that producing ethanol won't deliver handsome rewards - - forward prices
are still well above production costs, OPIS calculates.