EMEA > EU Market: EUAs rocket to 11-mth high as more traders snub fundamentals to hop on buyer bandwagon

EU Market: EUAs rocket to 11-mth high as more traders snub fundamentals to hop on buyer bandwagon

Published 17:49 on July 1, 2020  /  Last updated at 12:19 on July 7, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon prices rocketed to their highest in 11 months on Wednesday, as traders said unabated buying by unidentified speculators continues in the face of bearish fundamentals, low liquidity, and a general lack of compliance player participation.

European carbon prices rocketed to their highest in 11 months on Wednesday, as traders said unabated buying by unidentified speculators continues in the face of bearish fundamentals, low liquidity, and a general lack of compliance player participation.

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