EU Market: Speculator sentiment launches EUAs to four-month high

Published 17:33 on June 18, 2020  /  Last updated at 14:04 on July 13, 2020  /  EMEA, EU ETS  /  No Comments

European carbon prices spiked by 8% to a four-month high on Thursday on speculative buying, a bullish auction result, and as positive coronavirus news out of China helped lift wider markets, sending EUAs above their 200-day moving average for the first time since late last year.

European carbon prices spiked by 8% to a four-month high on Thursday on speculative buying, a bullish auction result, and as positive coronavirus news out of China helped lift wider markets, sending EUAs above their 200-day moving average for the first time since late last year.

A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.

Comment