EU Market: EUAs extend year-high to close in on €30 as ‘mystery’ buying continues

Published 21:31 on July 6, 2020  /  Last updated at 13:49 on July 13, 2020  /  EMEA, EU ETS  /  No Comments

EUAs rose more than 6% on Monday, extending last week's year-highs despite a weak auction as market participants grew more frustrated with the growing, speculator-fuelled disconnection between soaring prices and dimming fundamentals.

EUAs rose more than 6% on Monday, extending last week’s year-highs despite a weak auction as market participants grew more frustrated with the growing, speculator-fuelled disconnection between soaring prices and dimming fundamentals.

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