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  / /  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.


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