EMEA > Euro Markets: EUAs rally after COT and options expiry as UKAs slump to less than 50% of EU price

Euro Markets: EUAs rally after COT and options expiry as UKAs slump to less than 50% of EU price

Published 17:25 on September 20, 2023  /  Last updated at 17:45 on September 20, 2023  / /  EMEA, EU ETS, UK ETS

European carbon rallied sharply in the afternoon after the expiry of the quarterly options contract triggered modest buying and amid an increase in investment funds' net short positioning that encouraged a further short squeeze attempt, while UK Allowances slumped after a weak auction, with prices now at less than half the level of their EU counterpart.
European carbon rallied sharply in the afternoon after the expiry of the quarterly options contract triggered modest buying and amid an increase in investment funds' net short positioning that encouraged a further short squeeze attempt, while UK Allowances slumped after a weak auction, with prices now at less than half the level of their EU counterpart.


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