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