EMEA > Euro Markets: EUAs surge early on position data but rally fizzles despite rocketing natural gas prices

Euro Markets: EUAs surge early on position data but rally fizzles despite rocketing natural gas prices

Published 17:19 on August 9, 2023  /  Last updated at 17:39 on August 9, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices rose sharply mid-morning on Wednesday after weekly Commitment of Traders data showed that investment funds had turned a net long position into net short, but gave up all the day's gains in the afternoon even though natural gas prices rocketed by as much as 40%.
European carbon prices rose sharply mid-morning on Wednesday after weekly Commitment of Traders data showed that investment funds had turned a net long position into net short, but gave up all the day's gains in the afternoon even though natural gas prices rocketed by as much as 40%.


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