EUAs settled below €60 on Tuesday for the first time in ten days, as more traders concluded that carbon cannot continue to track gas prices higher, with some saying emissions demand may have peaked for the moment after utilities brought coal units back on line to leverage better operating margins.
Euro Markets: Carbon slumps as natural gas correlation seen as ended
EUAs settled below €60 on Tuesday for the first time in ten days, as more traders concluded that carbon cannot continue to track gas prices higher, with some saying emissions demand may have peaked for the moment after utilities brought coal units back on line to leverage better operating margins.
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