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 – firstname.lastname@example.org