Euro Markets: EUAs drop sharply after weak auction as traders eye MSR sale approval

Published 18:04 on July 1, 2022  /  Last updated at 01:17 on July 2, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices began the new quarter and half on a weak note, falling by the largest daily margin in nearly four weeks, as the daily auction cleared at a significant discount after three positive differentials in a row, and traders anticipated a fast-track approval process for the European Commission's plan to sell additional EUAs from the market stability reserve.

EUA prices began the new quarter and half on a weak note, falling by the largest daily margin in nearly four weeks, as the daily auction cleared at a significant discount after three positive differentials in a row, and traders anticipated a fast-track approval process for the European Commission’s plan to sell additional EUAs from the market stability reserve.

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