EMEA > Euro Markets: EUAs reverse early losses on short covering for 3.2% weekly gain as gas correlation rises

Euro Markets: EUAs reverse early losses on short covering for 3.2% weekly gain as gas correlation rises

Published 17:33 on January 13, 2023  /  Last updated at 00:42 on January 21, 2023  / /  EMEA, EU ETS, UK ETS

EUAs fell to a week-low on Friday before staging a late rally on short covering to end the week up 3.2% despite weaker energy markets, while carbon's short term price correlation with natural gas rose to its highest level in a year.
EUAs fell to a week-low on Friday before staging a late rally on short covering to end the week up 3.2% despite weaker energy markets, while carbon's short term price correlation with natural gas rose to its highest level in a year.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.