EMEA > Euro Markets: EUAs continue to weaken amid aggressive selling, weak gas, allocation speculation

Euro Markets: EUAs continue to weaken amid aggressive selling, weak gas, allocation speculation

Published 17:23 on July 9, 2024  /  Last updated at 17:33 on July 9, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon extended losses for a second day after prices had dropped below a key support level on Monday, as aggressive selling in both gas and carbon continued to put pressure on all markets, while a weak EUA auction and speculation that the 2024 allocation of free EUAs has begun, underscored the bearish trend.
European carbon extended losses for a second day after prices had dropped below a key support level on Monday, as aggressive selling in both gas and carbon continued to put pressure on all markets, while a weak EUA auction and speculation that the 2024 allocation of free EUAs has begun, underscored the bearish trend.


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, login here.