EMEA > Euro Markets: EUAs extend pre-August rally, reaching 1-month high as spread to UKAs widens 25% in a week

Euro Markets: EUAs extend pre-August rally, reaching 1-month high as spread to UKAs widens 25% in a week

Published 17:23 on July 21, 2023  /  Last updated at 22:56 on July 21, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices rose 6.3% this week, reaching their highest in a month on Friday as buying continued ahead of August's annual drop in auction supply, further widening the EUA premium to UK Allowances, while energy prices gave up early gains amid profit-taking ahead of the weekend.
European carbon prices rose 6.3% this week, reaching their highest in a month on Friday as buying continued ahead of August's annual drop in auction supply, further widening the EUA premium to UK Allowances, while energy prices gave up early gains amid profit-taking ahead of the weekend.


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