EMEA > Euro Markets: EUAs buckle under heavy selling pressure despite auction cuts as UKAs plunge to record low

Euro Markets: EUAs buckle under heavy selling pressure despite auction cuts as UKAs plunge to record low

Published 17:28 on August 1, 2023  /  Last updated at 17:52 on August 1, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon began the month of August on a weak note, belying expectations of a supply cut-driven rally as aggressive selling drove the market to a seven-week low, while front-December UK Allowance futures dropped to the lowest price on record as the outlook for British demand continued to worsen.
European carbon began the month of August on a weak note, belying expectations of a supply cut-driven rally as aggressive selling drove the market to a seven-week low, while front-December UK Allowance futures dropped to the lowest price on record as the outlook for British demand continued to worsen.


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