EMEA > Euro Markets: EU, UK carbon prices break above key technical levels amid strong early buying

Euro Markets: EU, UK carbon prices break above key technical levels amid strong early buying

Published 17:57 on May 20, 2024  /  Last updated at 17:58 on May 20, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EU and UK carbon prices soared on Monday, driven by a combination of rising demand for fossil power as onshore wind levels dropped sharply, and some speculative buying, with EUAs closing above a major technical level for the first time since Aug. 2023 and UKAs breaching the same technical level and a key psychological price to set a four-month high.
EU and UK carbon prices soared on Monday, driven by a combination of rising demand for fossil power as onshore wind levels dropped sharply, and some speculative buying, with EUAs closing above a major technical level for the first time since Aug. 2023 and UKAs breaching the same technical level and a key psychological price to set a four-month high.


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