EMEA > Euro Markets: EUAs give up midday gains as energy prices rise

Euro Markets: EUAs give up midday gains as energy prices rise

Published 17:23 on July 13, 2023  /  Last updated at 22:10 on July 13, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices resumed their week-long rally on Thursday morning as traders began to factor in the annual reduction in auction supply due next month and continued to shrug off bearish fundamentals highlighted in recent analyst reports, before giving up almost all their gains in the afternoon even as energy markets made a modest advance.
European carbon prices resumed their week-long rally on Thursday morning as traders began to factor in the annual reduction in auction supply due next month and continued to shrug off bearish fundamentals highlighted in recent analyst reports, before giving up almost all their gains in the afternoon even as energy markets made a modest advance.


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