Euro Markets: EUAs jump most in a month as options expiry releases market to track gas prices

Published 17:34 on June 19, 2024  /  Last updated at 17:41 on June 19, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices posted a strong afternoon gain after the expiry of the June options contract in the early afternoon appeared to release EUAs to resume their close correlation with natural gas, while UKAs retreated after reaching their highest level in eight months, as profit-taking picked up to offset some speculative bullishness around the approaching election.
European carbon prices posted a strong afternoon gain after the expiry of the June options contract in the early afternoon appeared to release EUAs to resume their close correlation with natural gas, while UKAs retreated after reaching their highest level in eight months, as profit-taking picked up to offset some speculative bullishness around the approaching election.


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