Euro Markets: EUAs erase early losses to retake key technical level as energy prices wilt

Published 17:23 on July 11, 2023  /  Last updated at 19:49 on July 11, 2023  / /  EMEA, EU ETS, UK ETS

EUAs rallied on Tuesday's daily auction and surged late on to settle at their highest in five days as traders strove to keep prices near a key technical level, with one eye on Wednesday's lack of an EUA sale, while energy markets fell as fundamentals continue to look weak.
EUAs rallied on Tuesday's daily auction and surged late on to settle at their highest in five days as traders strove to keep prices near a key technical level, with one eye on Wednesday's lack of an EUA sale, while energy markets fell as fundamentals continue to look weak.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.