Euro Markets: EUAs reach two-week high as sellers hold back despite heavy fund liquidations

Published 17:16 on August 3, 2022  /  Last updated at 17:22 on August 3, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUA prices forged higher for a third consecutive day, reaching their highest in two weeks as the annual August auction supply cut continued to drive the market even as investment funds cut long positions, while energy prices reversed early gains as gas inventories appeared to improve and demand has declined.

EUA prices forged higher for a third consecutive day, reaching their highest in two weeks as the annual August auction supply cut continued to drive the market even as investment funds cut long positions, while energy prices reversed early gains as gas inventories appeared to improve and demand has declined.

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