EMEA > Euro Markets: EUAs end little changed after rally fails to find support from weaker gas

Euro Markets: EUAs end little changed after rally fails to find support from weaker gas

Published 17:15 on July 3, 2024  /  Last updated at 18:11 on July 3, 2024  / /  EMEA, EU ETS, UK ETS

EU carbon prices ended Wednesday little changed after a fairly volatile session characterised by strong volume, as an EUA rally after the daily auction appeared to be a reaction to another increase in speculators' net short positions, which was not matched by a recovery in natural gas, casting further doubt on the recent correlation between the two markets.
EU carbon prices ended Wednesday little changed after a fairly volatile session characterised by strong volume, as an EUA rally after the daily auction appeared to be a reaction to another increase in speculators' net short positions, which was not matched by a recovery in natural gas, casting further doubt on the recent correlation between the two markets.


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