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  /  No Comments

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.

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