EU Market: EUAs dip 1% in very thin holiday trade

Published 18:27 on May 14, 2015  /  Last updated at 12:58 on April 25, 2016  /  Americas, EMEA, EU ETS  /  No Comments

EUAs slipped in late trade on Thursday after barely budging during most of one of the quietest sessions of the year, as much of Europe was off due to a public holiday.

EUAs slipped in late trade on Thursday after barely budging during most of one of the quietest sessions of the year, as much of Europe was off due to a public holiday.

The Dec-15 EUA contract settled down 9 cents at €7.59, falling 6 cents in the final 20 minutes on volume that  contributed almost a quarter of the day’s 2.3 million turnover.

The benchmark futures traded in a €7.58-7.70 range, within the range seen so far this week between €7.53 and €7.74.

Key contracts across the energy complex were also little changed.

The Ascension Day holiday meant no supply from a government auction today, though tomorrow EEX will host Germany’s sale of 3.198 million spot EUAs.

Turnover is generally lower than normal on the Friday following a public holiday as many traders opt to take additional time off to bridge to the weekend.

By Ben Garside – ben@carbon-pulse.com

 

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