EMEA > Euro Markets: EUAs plunge to one-year low before short-covering rally leaves market little changed

Euro Markets: EUAs plunge to one-year low before short-covering rally leaves market little changed

Published 17:22 on November 2, 2023  /  Last updated at 17:44 on November 2, 2023  / /  EMEA, EU ETS, UK ETS

European carbon prices fell steadily to a one-year low by early afternoon on Thursday amid aggressive selling and despite a strong auction result, before recovering even more quickly as traders covered some of their short positions, generating a potentially bullish technical signal.
European carbon prices fell steadily to a one-year low by early afternoon on Thursday amid aggressive selling and despite a strong auction result, before recovering even more quickly as traders covered some of their short positions, generating a potentially bullish technical signal.


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