EMEA > Euro Markets: EUAs drop 7.2% in May as funds post record net short position, while UKAs rally after neutral auction

Euro Markets: EUAs drop 7.2% in May as funds post record net short position, while UKAs rally after neutral auction

Published 17:16 on May 31, 2023  /  Last updated at 04:35 on June 1, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EUA prices posted a 7.2% monthly loss in May, but ended the month with a modest recovery after an early drop to a new four-month low was reversed when data showed investment funds had built their largest-ever net short position, while UKAs rallied after what sources called a "neutral" auction result.
EUA prices posted a 7.2% monthly loss in May, but ended the month with a modest recovery after an early drop to a new four-month low was reversed when data showed investment funds had built their largest-ever net short position, while UKAs rallied after what sources called a "neutral" auction result.


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