EMEA > Euro Markets: EUAs resume downward trend, reach new four-month low as weak gas triggers liquidations

Euro Markets: EUAs resume downward trend, reach new four-month low as weak gas triggers liquidations

Published 17:35 on June 1, 2023  /  Last updated at 18:42 on June 1, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices dropped sharply on Thursday afternoon as plunging gas prices dragged carbon through levels that triggered renewed selling following a morning tug-of-war that pitted short-positioned traders against others seeking to continue Wednesday's short-squeeze rally.
European carbon prices dropped sharply on Thursday afternoon as plunging gas prices dragged carbon through levels that triggered renewed selling following a morning tug-of-war that pitted short-positioned traders against others seeking to continue Wednesday's short-squeeze rally.


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