EMEA > Euro Markets: EUAs unwind Tuesday gains to test major support as funds’ positioning moves to short

Euro Markets: EUAs unwind Tuesday gains to test major support as funds’ positioning moves to short

Published 17:57 on May 3, 2023  /  Last updated at 17:19 on June 15, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices on Wednesday gave up all the gains made in the previous session, falling to their lowest in more than three months, as market sentiment relaxed after the European Commission announced there would be no further EUA volumes added to market supply this year, while investment funds' positioning flipped to net short for the first time since January.
European carbon prices on Wednesday gave up all the gains made in the previous session, falling to their lowest in more than three months, as market sentiment relaxed after the European Commission announced there would be no further EUA volumes added to market supply this year, while investment funds' positioning flipped to net short for the first time since January.


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