EMEA > Euro Markets: EUAs tumble amid further aggressive selling as gas prices plunge after options expiry

Euro Markets: EUAs tumble amid further aggressive selling as gas prices plunge after options expiry

Published 17:17 on June 26, 2024  /  Last updated at 17:21 on June 26, 2024  / /  EMEA, EU ETS, UK ETS

After making early gains in line with natural gas, European carbon prices broke lower and fell to a new two-month low amid heavy selling, as weekly position data showed investment funds had reduced length for a fourth consecutive week and UK Allowance prices dropped away after the auction cleared at a discount for the first time in two months.
After making early gains in line with natural gas, European carbon prices broke lower and fell to a new two-month low amid heavy selling, as weekly position data showed investment funds had reduced length for a fourth consecutive week and UK Allowance prices dropped away after the auction cleared at a discount for the first time in two months.


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