EU Market: EUAs erase week’s gains as traders take profits

Published 18:41 on January 12, 2017  /  Last updated at 18:41 on January 12, 2017  /  EMEA, EU ETS  /  No Comments

European carbon prices tumbled by 8.7% on Thursday as speculators took profits following stellar gains posted earlier this week and as coal prices climbed to a four-month high, denting profit margins for many big EU emitters.

European carbon prices tumbled by 8.7% on Thursday as speculators took profits following stellar gains posted earlier this week and as coal prices climbed to a four-month high, denting profit margins for many big EU emitters.

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