EMEA > Euro Markets: EUAs edge higher on afternoon gas rally, weak UKA auction sends futures lower

Euro Markets: EUAs edge higher on afternoon gas rally, weak UKA auction sends futures lower

Published 12:18 on August 7, 2024  /  Last updated at 17:07 on August 7, 2024  / Roy Manuell /  EMEA, EU ETS, UK ETS

European carbon prices struggled at times for direction on Wednesday, amid the lack of a daily auction and wider macroeconomic and geopolitical uncertainty as they eventually found support from an afternoon TTF gas rally, while news that investment funds trimmed their net short position 25% last week did little to move prices, and UKAs slumped over 2% due to a significantly weak fortnightly auction.
European carbon prices struggled at times for direction on Wednesday, amid the lack of a daily auction and wider macroeconomic and geopolitical uncertainty as they eventually found support from an afternoon TTF gas rally, while news that investment funds trimmed their net short position 25% last week did little to move prices, and UKAs slumped over 2% due to a significantly weak fortnightly auction.


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