NZ Market: NZUs soar to new record high on bullish sentiment

Published 09:25 on June 16, 2021  /  Last updated at 09:25 on June 16, 2021  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances sped past NZ$41 ($29.27) in Wednesday trade, hitting yet another all-time high as anticipated ETS changes, limited supply, and pre-auction speculation have all helped push the spot contract up more than 11% since the beginning of the month.

New Zealand carbon allowances sped past NZ$41 ($29.27) in Wednesday trade, hitting yet another all-time high as anticipated ETS changes, limited supply, and pre-auction speculation have all helped push the spot contract up more than 11% since the beginning of the month.

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