EU Market: EUA recovery rally enters third day amid buying spurt, looming supply curbs

Published 19:07 on November 5, 2020  /  Last updated at 19:07 on November 5, 2020  /  EMEA, EU ETS  /  No Comments

EU carbon allowances rose for a third straight day on Thursday, topping €26 for the first time in a month as short-covering, compliance and speculative buying, and looming supply curbs helped reverse more of the recent downtrend and lift prices further from this week’s four-month low.

EU carbon allowances rose for a third straight day on Thursday, topping €26 for the first time in a month as short-covering, compliance and speculative buying, and looming supply curbs helped reverse more of the recent downtrend and lift prices further from this week’s four-month low.

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