EMEA > Euro Markets: EUAs swing sharply in sync with natural gas volatility as short-covering continues

Euro Markets: EUAs swing sharply in sync with natural gas volatility as short-covering continues

Published 17:14 on March 6, 2024  /  Last updated at 17:37 on March 6, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon allowances ended Wednesday 2% lower after earlier rising as much as 4%, as the fortnightly gap in the auction schedule, continued short-covering by speculators, and initially firmer energy prices propelled the market to a one-month high, before a sell-off in TTF gas dragged EUAs back down.
European carbon allowances ended Wednesday 2% lower after earlier rising as much as 4%, as the fortnightly gap in the auction schedule, continued short-covering by speculators, and initially firmer energy prices propelled the market to a one-month high, before a sell-off in TTF gas dragged EUAs back down.


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