EMEA > Euro Markets: EUAs post first August drop since 2019 as market eyes supply hike in September

Euro Markets: EUAs post first August drop since 2019 as market eyes supply hike in September

Published 17:26 on August 31, 2023  /  Last updated at 00:18 on September 1, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices fell over the month of August for the first time since 2019 as the final reduced volume auction cleared at a discount, capping an early rally as participants anticipated the resumption of full sale volumes from tomorrow, while weaker natural gas prices appeared to shift generation margins in favour of gas, cutting potential demand for EUAs.
European carbon prices fell over the month of August for the first time since 2019 as the final reduced volume auction cleared at a discount, capping an early rally as participants anticipated the resumption of full sale volumes from tomorrow, while weaker natural gas prices appeared to shift generation margins in favour of gas, cutting potential demand for EUAs.


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