EMEA > Euro Markets: EUAs drop to two-week low amid aggressive selling as gas prices unwind gains

Euro Markets: EUAs drop to two-week low amid aggressive selling as gas prices unwind gains

Published 17:17 on June 4, 2024  /  Last updated at 17:29 on June 4, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon allowances weakened steadily on Tuesday afternoon after a volatile morning as the market tracked developments in gas, where prices fell sharply on news that an outage in the North Sea may be resolved quicker than had been expected, while UKAs also fell but trimmed their discount to EUAs to the narrowest in 15 months.
European carbon allowances weakened steadily on Tuesday afternoon after a volatile morning as the market tracked developments in gas, where prices fell sharply on news that an outage in the North Sea may be resolved quicker than had been expected, while UKAs also fell but trimmed their discount to EUAs to the narrowest in 15 months.


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