EMEA > Euro Markets: EUAs give up some of Wednesday’s gains on strong correlation with weaker gas

Euro Markets: EUAs give up some of Wednesday’s gains on strong correlation with weaker gas

Published 17:15 on September 12, 2024  /  Last updated at 17:50 on September 12, 2024  / /  EMEA, EU ETS, UK ETS

European carbon allowance prices fell back in line with a weaker gas market on Thursday, retracing about half of Wednesday's 2.3% gain as EUAs continued to fluctuate in their recent options-driven €2 range near a five-month low, with traders seeing little incentive for levels to break out.
European carbon allowance prices fell back in line with a weaker gas market on Thursday, retracing about half of Wednesday's 2.3% gain as EUAs continued to fluctuate in their recent options-driven €2 range near a five-month low, with traders seeing little incentive for levels to break out.


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