EMEA > Euro Markets: EUAs erase early plunge to six-month low in heavy trading as gas rebounds on geopolitics

Euro Markets: EUAs erase early plunge to six-month low in heavy trading as gas rebounds on geopolitics

Published 17:27 on October 7, 2024  /  Last updated at 18:32 on October 7, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices dropped sharply from the opening on Monday, reaching a new six-month low early in the afternoon - just above a key psychological and technical level - before then clawing back all their losses in the busiest day the ICE exchange has seen since early 2022, after gas prices staged a bounce-back on bullish news reports.
European carbon prices dropped sharply from the opening on Monday, reaching a new six-month low early in the afternoon - just above a key psychological and technical level - before then clawing back all their losses in the busiest day the ICE exchange has seen since early 2022, after gas prices staged a bounce-back on bullish news reports.


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