EMEA > Euro Markets: EUAs continue to weaken, post 3% weekly loss after early short-covering rally

Euro Markets: EUAs continue to weaken, post 3% weekly loss after early short-covering rally

Published 17:21 on August 25, 2023  /  Last updated at 19:49 on August 25, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices dropped for a third day to return a 3% weekly decline on Friday as traders resumed bearish bets after an early bout of profit taking following one of the strongest auction results this year, while energy prices were steadily firmer amid continued worries over Australian LNG output.
European carbon prices dropped for a third day to return a 3% weekly decline on Friday as traders resumed bearish bets after an early bout of profit taking following one of the strongest auction results this year, while energy prices were steadily firmer amid continued worries over Australian LNG output.


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