EU Market: EUAs surge again as bulls squeeze 11th hour August gains ahead of supply spike

Published 21:02 on August 25, 2020  /  Last updated at 12:46 on September 2, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon prices jumped for a second straight day, adding nearly 5% at one point on Tuesday as buyers capitalised on broader market optimism and attempted to squeeze some eleventh-hour EUA gains out of a supply-starved August and ahead of a steep rise in auction volumes.

EU carbon prices jumped for a second straight day, adding nearly 5% at one point on Tuesday as buyers capitalised on broader market optimism and attempted to squeeze some eleventh-hour EUA gains out of a supply-starved August and ahead of a steep rise in auction volumes.

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