European carbon began the week on a bearish note as energy prices extended losses for a fifth consecutive session on Monday, bringing the bearish prospect of coal-to-gas fuel switching closer than it has been for many months despite forecasts calling for a spell of lower temperatures.
Euro Markets: Carbon sheds 2.9% as market focuses on gas price weakness and prospect of fuel switching
European carbon began the week on a bearish note as energy prices extended losses for a fifth consecutive session on Monday, bringing the bearish prospect of coal-to-gas fuel switching closer than it has been for many months despite forecasts calling for a spell of lower temperatures.
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