EMEA > Euro Markets: EUAs drop to two-week low despite strong gas recovery as bearish winds gain strength

Euro Markets: EUAs drop to two-week low despite strong gas recovery as bearish winds gain strength

Published 17:27 on October 23, 2023  /  Last updated at 17:47 on October 23, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices dropped to a two-week low on Monday, shrugging off an afternoon rally in gas amid a continuation of last week's sell-off, as sources pointed to key bearish factors of a lack of further escalation in the Middle East and continental temperatures above seasonal norms.
European carbon prices dropped to a two-week low on Monday, shrugging off an afternoon rally in gas amid a continuation of last week's sell-off, as sources pointed to key bearish factors of a lack of further escalation in the Middle East and continental temperatures above seasonal norms.


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