Euro Markets: EUAs give up early gains as late return to rangebound trading highlights options pull

Published 17:07 on June 13, 2024  /  Last updated at 17:15 on June 13, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon allowances remained firmly rangebound for a fourth day, shrugging off a near 10% rally in natural gas this week as the weight of open interest in June EUA call options appeared to be acting as an anchor on prices, breaking the long-standing correlation between the two markets.
European carbon allowances remained firmly rangebound for a fourth day, shrugging off a near 10% rally in natural gas this week as the weight of open interest in June EUA call options appeared to be acting as an anchor on prices, breaking the long-standing correlation between the two markets.


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