EMEA > Euro Markets: EUAs post biggest monthly gain since January even as fundamental sentiment weakens

Euro Markets: EUAs post biggest monthly gain since January even as fundamental sentiment weakens

Published 17:19 on June 30, 2023  /  Last updated at 16:51 on July 3, 2023  / /  EMEA, EU ETS, UK ETS

European carbon ended June with the largest month-on-month increase since January as the benchmark EUA contract wiped out early losses with a Friday afternoon surge, shrugging off growing bearish sentiment based on fundamentals, while energy prices also gained strongly as traders eyed the supply outlook for the coming quarter.
European carbon ended June with the largest month-on-month increase since January as the benchmark EUA contract wiped out early losses with a Friday afternoon surge, shrugging off growing bearish sentiment based on fundamentals, while energy prices also gained strongly as traders eyed the supply outlook for the coming quarter.


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