EMEA > Euro Markets: EUAs, UKAs rally sharply after Tuesday’s “overdone” sell-off

Euro Markets: EUAs, UKAs rally sharply after Tuesday’s “overdone” sell-off

Published 17:45 on October 20, 2021  /  Last updated at 23:52 on October 20, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs recovered early on Wednesday after the previous session's 8% plunge, as many traders saw the drop overdone and some industrial buyers looked to take advantage of the lower prices.

European and UK carbon clawed back much of Tuesday’s losses on Wednesday as many traders saw yesterday’s drop as overdone and some industrial buyers looked to take advantage of the lower prices.

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