Euro Markets: EUAs struggle for direction as flat market breaks from gas correlation

Published 12:10 on June 5, 2025 / Last updated at 16:41 on June 5, 2025 / / EMEA (Compliance Markets & Taxes, Europe)

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European carbon allowance prices rose as high as 2% on Thursday morning, initially following gas and boosted by a strong auction, before easing back across the afternoon and breaking their TTF correlation to settle flat on the day, in what sources described as directionless movements driven mainly by some profit taking.
European carbon allowance prices rose as high as 2% on Thursday morning, initially following gas and boosted by a strong auction, before easing back across the afternoon and breaking their TTF correlation to settle flat on the day, in what sources described as directionless movements driven mainly by some profit taking.


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