Euro Markets: EUAs ease lower as gas correlation returns, funds raise net long position

Published 12:13 on May 21, 2025 / Last updated at 17:04 on May 21, 2025 / / EMEA, EU ETS, UK ETS

European carbon allowance prices struggled for direction on Wednesday as traders noted a gradual return to gas market correlation, with the TTF market climbing higher over the morning then easing back across the afternoon, a move mirrored by EUAs, while investment funds increased their collective net long position for a third consecutive week, driven by a sharp cut in total shorts.
European carbon allowance prices struggled for direction on Wednesday as traders noted a gradual return to gas market correlation, with the TTF market climbing higher over the morning then easing back across the afternoon, a move mirrored by EUAs, while investment funds increased their collective net long position for a third consecutive week, driven by a sharp cut in total shorts.


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