Euro Market: EUAs tumble to six-month low as traders boost short positions amid more MSR talks

Published 01:42 on September 23, 2022  /  Last updated at 06:12 on September 23, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs tumbled as much as 7.2% to a six-month low on Friday as traders reacted to news that Germany is mulling an idea for a larger revenue target for allowances sales under the RePowerEU plan, while energy markets were marginally weaker as forecasts showed windy conditions and temperatures above seasonal norms.

EUAs tumbled as much as 7.2% to a six-month low on Friday as traders reacted to news that Germany is mulling an idea for a larger revenue target for allowances sales under the RePowerEU plan, while energy markets were marginally weaker as forecasts showed windy conditions and temperatures above seasonal norms.

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