EMEA > Euro Markets: EUAs post modest weekly loss, hover above recent lows as short squeeze seen ending

Euro Markets: EUAs post modest weekly loss, hover above recent lows as short squeeze seen ending

Published 17:32 on June 2, 2023  /  Last updated at 19:39 on June 2, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EU carbon prices erased almost all their early gains on Friday to post a small increase on the day but a 4% drop on the week, as a rally inspired by a strong daily auction faded in the afternoon along with the bullishness inspired by data showing that investment funds were holding their largest ever net short position.
EU carbon prices erased almost all their early gains on Friday to post a small increase on the day but a 4% drop on the week, as a rally inspired by a strong daily auction faded in the afternoon along with the bullishness inspired by data showing that investment funds were holding their largest ever net short position.


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