EMEA > Euro Markets: EUAs extend losses to one-year low as buying insufficient to absorb short sales

Euro Markets: EUAs extend losses to one-year low as buying insufficient to absorb short sales

Published 17:33 on November 6, 2023  /  Last updated at 17:51 on November 6, 2023  / /  EMEA, EU ETS, UK ETS

European carbon permit prices dropped to a new one-year low on Monday as traders continued to build short positions amid overwhelming limited demand, while energy markets extended their recent losses as the demand outlook remained moderate due to mild weather, healthy wind generation, and high gas storage levels.
European carbon permit prices dropped to a new one-year low on Monday as traders continued to build short positions amid overwhelming limited demand, while energy markets extended their recent losses as the demand outlook remained moderate due to mild weather, healthy wind generation, and high gas storage levels.


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