EMEA > Euro Markets: Afternoon gas-driven rally on EUAs breaches key level, wipes out Monday’s losses

Euro Markets: Afternoon gas-driven rally on EUAs breaches key level, wipes out Monday’s losses

Published 17:15 on January 30, 2024  /  Last updated at 18:57 on January 30, 2024  / /  EMEA, EU ETS, UK ETS

European carbon allowances broke out of a relatively narrow range on Tuesday afternoon and breached a recent key level as gas prices jumped, after the market had earlier appeared to be seeking renewed direction, while some short-positioned speculative traders were thought to be quietly covering some of their positions.
European carbon allowances broke out of a relatively narrow range on Tuesday afternoon and breached a recent key level as gas prices jumped, after the market had earlier appeared to be seeking renewed direction, while some short-positioned speculative traders were thought to be quietly covering some of their positions.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.

This page is intended to be viewed online and may not be printed.
As per our terms and conditions, the republication or redistribution of Carbon Pulse content can result in the suspension or termination of your subscription.