EMEA > Euro Markets: EUAs reach two-week high as sellers hold back despite heavy fund liquidations

Euro Markets: EUAs reach two-week high as sellers hold back despite heavy fund liquidations

Published 17:16 on August 3, 2022  /  Last updated at 17:22 on August 3, 2022  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EUA prices forged higher for a third consecutive day, reaching their highest in two weeks as the annual August auction supply cut continued to drive the market even as investment funds cut long positions, while energy prices reversed early gains as gas inventories appeared to improve and demand has declined.
EUA prices forged higher for a third consecutive day, reaching their highest in two weeks as the annual August auction supply cut continued to drive the market even as investment funds cut long positions, while energy prices reversed early gains as gas inventories appeared to improve and demand has declined.


A Carbon Pulse subscription is required to read this content. Subscribe today to access our unrivalled news and intelligence, as well as our premium content including all job listings. Click here for details.

We offer a FREE TRIAL of our subscription service and it only takes a minute to register. If you already have a Carbon Pulse account, login here.