EMEA > Euro Markets: EUAs rise to four-month high as gas hedging drives market higher after quiet start

Euro Markets: EUAs rise to four-month high as gas hedging drives market higher after quiet start

Published 17:20 on May 21, 2024  /  Last updated at 17:20 on May 21, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices extended their gains to a new four-month high on Tuesday, as early profit-taking in thin trading gave way to a strong rally, driven largely by rising natural gas prices ahead of the expiry of the June options contract later this week, while UK Allowance prices hovered near yesterday's four-month high amid continued healthy demand.
European carbon prices extended their gains to a new four-month high on Tuesday, as early profit-taking in thin trading gave way to a strong rally, driven largely by rising natural gas prices ahead of the expiry of the June options contract later this week, while UK Allowance prices hovered near yesterday's four-month high amid continued healthy demand.


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