EMEA > CORRECTION – Euro Markets: EUAs jump most in 15 months amid short squeeze as prices near key options level

CORRECTION – Euro Markets: EUAs jump most in 15 months amid short squeeze as prices near key options level

Published 17:17 on March 5, 2024  /  Last updated at 11:36 on March 6, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices posted their largest daily gain in 15 months on Tuesday as a squeeze triggered by a rally in natural gas extended for a second day, forcing short-positioned traders to buy back in the futures market, while the approaching expiry of the March options contract also encouraged covering.
European carbon prices posted their largest daily gain in 15 months on Tuesday as a squeeze triggered by a rally in natural gas extended for a second day, forcing short-positioned traders to buy back in the futures market, while the approaching expiry of the March options contract also encouraged covering.


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