EMEA > Euro Markets: EUAs gain a further 5% on TTF gas surge, technicals

Euro Markets: EUAs gain a further 5% on TTF gas surge, technicals

Published 12:39 on October 10, 2024  /  Last updated at 16:56 on October 10, 2024  / /  EMEA, EU ETS, UK ETS

European carbon prices settled nearly 5% higher on Thursday, building on strong Wednesday gains, as they tracked a bullish, nervous TTF gas futures with participants highlighting a return to correlation between the two markets, which pushed the benchmark EUA contract past multiple key technical resistance levels.
European carbon prices settled nearly 5% higher on Thursday, building on strong Wednesday gains, as they tracked a bullish, nervous TTF gas futures with participants highlighting a return to correlation between the two markets, which pushed the benchmark EUA contract past multiple key technical resistance levels.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, log in here.