EMEA > Euro Markets: EUAs set new one-year low as selling continues unabated ahead of position data

Euro Markets: EUAs set new one-year low as selling continues unabated ahead of position data

Published 17:22 on November 7, 2023  /  Last updated at 17:38 on November 7, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices gave up a morning rally on Tuesday and fell to their lowest level in more than a year as renewed selling erased the effects of early technical buying, while traders focused on Wednesday's weekly Commitment of Traders report amid expectations the recent price decline will have encouraged a further build in speculative short positions.
European carbon prices gave up a morning rally on Tuesday and fell to their lowest level in more than a year as renewed selling erased the effects of early technical buying, while traders focused on Wednesday's weekly Commitment of Traders report amid expectations the recent price decline will have encouraged a further build in speculative short positions.


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