Euro Markets: EUAs shrug off strong auction and funds’ short covering to again test support

Published 17:44 on October 12, 2022  /  Last updated at 18:00 on October 12, 2022  /  EMEA, EU ETS, UK ETS  /  No Comments

EUAs shrugged off a midday price surge triggered by a combination of a firm Polish auction and a 2 million tonne drop in investment funds' net short positions to again test recent lows, while energy prices were largely stable as EU ministers met to discuss ways to cap the price of natural gas used for power generation.

EUAs shrugged off a midday price surge triggered by a combination of a firm Polish auction and a 2 million tonne drop in investment funds’ net short positions to again test recent lows, while energy prices were largely stable as EU ministers met to discuss ways to cap the price of natural gas used for power generation.

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