EMEA > Euro Markets: EUAs settle at 22-month low after afternoon drop, UKAs set new record

Euro Markets: EUAs settle at 22-month low after afternoon drop, UKAs set new record

Published 17:18 on January 29, 2024  /  Last updated at 00:47 on January 30, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices dropped sharply in afternoon trading on Monday, posting their weakest settlement in 22 months after some speculative buying and a recent key support level melted away, while demand from utilities remained sluggish amid negative generation margins, and UK allowance prices fell to a new record low.
European carbon prices dropped sharply in afternoon trading on Monday, posting their weakest settlement in 22 months after some speculative buying and a recent key support level melted away, while demand from utilities remained sluggish amid negative generation margins, and UK allowance prices fell to a new record low.


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