EMEA > Euro Markets: EUAs jump by most in four months as shorts unwind positions amid soaring energy

Euro Markets: EUAs jump by most in four months as shorts unwind positions amid soaring energy

Published 17:37 on October 10, 2023  /  Last updated at 23:39 on October 10, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices rose by their biggest margin most in four months on Tuesday, reaching a ten-day high as the market began to catch up with a 37% leap in front-month natural gas prices since last Thursday, which traders said has triggered EUA short-covering among speculative investors.
European carbon prices rose by their biggest margin most in four months on Tuesday, reaching a ten-day high as the market began to catch up with a 37% leap in front-month natural gas prices since last Thursday, which traders said has triggered EUA short-covering among speculative investors.


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