Euro Markets: Carbon wipes out Monday losses amid short covering and options pull

Published 17:24 on May 24, 2022  /  Last updated at 17:53 on May 24, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

European carbon held on to early gains on Tuesday to wipe out Monday's losses as options hedging and short covering in a thinly traded market drove prices back above €80, while an EU official said that proposed sales of EUAs from the market stability reserve would be evenly spread over four years.

European carbon held on to early gains on Tuesday to wipe out Monday’s losses as options hedging and short covering in a thinly traded market drove prices back above €80, while an EU official said that proposed sales of EUAs from the market stability reserve would be evenly spread over four years.

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