EMEA > Euro Markets: EUAs shoot to new three-week high as gas market erases losses amid 25% price swing

Euro Markets: EUAs shoot to new three-week high as gas market erases losses amid 25% price swing

Published 17:35 on June 13, 2023  /  Last updated at 20:53 on June 13, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

Carbon prices rose to their highest in more than three weeks as traders reacted to a 25% swing in natural gas prices, triggering widespread short covering in both markets while the market prepared for a pause in the EUA auction programme, weekly position data, and a UK ETS auction on Wednesday.
Carbon prices rose to their highest in more than three weeks as traders reacted to a 25% swing in natural gas prices, triggering widespread short covering in both markets while the market prepared for a pause in the EUA auction programme, weekly position data, and a UK ETS auction on Wednesday.


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