EU Market: EUAs rebound violently after hitting one-month low

Published 14:16 on September 22, 2020  /  Last updated at 10:07 on September 23, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon prices fell to a one-month low on Tuesday, defying a stronger auction and reversals in wider markets, before sharply rebounding to surge by more than €2 from the day's low on what traders said was a mix of compliance buying and speculative short-covering.

EU carbon prices fell to a one-month low on Tuesday, defying a stronger auction and reversals in wider markets, before sharply rebounding to surge by more than €2 from the day’s low on what traders said was a mix of compliance buying and speculative short-covering.

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