EMEA > Euro Markets: EUAs hit six-week low as selling pressure continues, UKAs slightly lower on “solid” auction

Euro Markets: EUAs hit six-week low as selling pressure continues, UKAs slightly lower on “solid” auction

Published 17:13 on September 4, 2024  /  Last updated at 10:22 on September 5, 2024  / /  EMEA, EU ETS, UK ETS

European carbon slumped to a six-week low on Wednesday, breaking through key technical levels under pressure from sellers and despite an increase in investment funds' short positioning, as fundamentals remained gloomy and the overall market sentiment continued to worsen, while UK Allowances trimmed losses after a "solid" auction.
European carbon slumped to a six-week low on Wednesday, breaking through key technical levels under pressure from sellers and despite an increase in investment funds' short positioning, as fundamentals remained gloomy and the overall market sentiment continued to worsen, while UK Allowances trimmed losses after a "solid" auction.


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