Euro Markets: EUAs post 3.5% gain amid short squeeze as market eyes annual auction volume cut

Published 17:35 on July 28, 2022  /  Last updated at 17:55 on July 28, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices rallied throughout Thursday amid what traders described as a short squeeze in a thin market an anticipation of the annual halving of auction volumes in August, while energy prices edged lower as Russia said a key component of the Nord Stream pipeline could be delivered soon.

EUA prices rallied throughout Thursday amid what traders described as a short squeeze in a thin market an anticipation of the annual halving of auction volumes in August, while energy prices edged lower as Russia said a key component of the Nord Stream pipeline could be delivered soon.

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