EMEA > Euro Markets: EUAs drop through technical, psychological levels as speculators ramp up selling

Euro Markets: EUAs drop through technical, psychological levels as speculators ramp up selling

Published 17:04 on July 8, 2024  /  Last updated at 17:34 on July 8, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices dropped by the most in three weeks on Monday as prices tumbled through a key level that had been supporting the market for almost a week, amid aggressive selling from speculative traders that also appeared to trigger a decline in natural gas and power, while UKAs plunged more than 2% as post-election profit-taking continued.
European carbon prices dropped by the most in three weeks on Monday as prices tumbled through a key level that had been supporting the market for almost a week, amid aggressive selling from speculative traders that also appeared to trigger a decline in natural gas and power, while UKAs plunged more than 2% as post-election profit-taking continued.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.