EMEA > Euro Markets: EUAs erase early losses amid short covering, while UKAs take weekly losses to 17%

Euro Markets: EUAs erase early losses amid short covering, while UKAs take weekly losses to 17%

Published 17:23 on October 19, 2023  /  Last updated at 17:57 on October 19, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices erased almost all their morning losses in a brief spell of sustained buying late on Thursday as traders closed short positions, despite continuing weakness in energy markets and one of the most bearish auctions of the year to date, while UKAs extended their losses for the week to 17% amid a bearish analyst outlook.
European carbon prices erased almost all their morning losses in a brief spell of sustained buying late on Thursday as traders closed short positions, despite continuing weakness in energy markets and one of the most bearish auctions of the year to date, while UKAs extended their losses for the week to 17% amid a bearish analyst outlook.


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