EMEA > Euro Markets: EUAs snap five-day losing streak as auction triggers buying after new 15-month low

Euro Markets: EUAs snap five-day losing streak as auction triggers buying after new 15-month low

Published 17:21 on January 15, 2024  /  Last updated at 17:44 on January 15, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices rallied strongly on Monday afternoon as buying interest emerged after prices had earlier dropped to a new 15-month low, and the first auction of the year cleared in line with the secondary market, while traders reported a technical bounce with the benchmark having dropped nearly 20% since the start of the year.
European carbon prices rallied strongly on Monday afternoon as buying interest emerged after prices had earlier dropped to a new 15-month low, and the first auction of the year cleared in line with the secondary market, while traders reported a technical bounce with the benchmark having dropped nearly 20% since the start of the year.


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