Asia Pacific > NZ Market: NZUs drop to 9-mth low as bearish sentiment over FPO lingers

NZ Market: NZUs drop to 9-mth low as bearish sentiment over FPO lingers

Published 08:03 on May 31, 2019  /  Last updated at 08:03 on May 31, 2019  /  Asia Pacific, New Zealand  /  No Comments

New Zealand carbon allowances extended their recent losses in Friday trade to close at their lowest levels since last August, with market observers expecting prices to fall further in weeks ahead amid lack of clarity on the future fixed price option level.

New Zealand carbon allowances extended their recent losses in Friday trade to close at their lowest levels since last August, with market observers expecting prices to fall further in weeks ahead amid lack of clarity on the future fixed price option level.

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