Euro Markets: “Rage against the machines” as headline triggers UKA spike and short squeeze in EUAs

Published 17:24 on March 12, 2025  /  Last updated at 18:46 on March 12, 2025  / /  EMEA, EU ETS, UK ETS

EU carbon prices ended Wednesday in the grip of a major price spike, as a news report reiterating that UK-EU market linking was under "serious consideration" caused UKA prices to leap as much as 11%, and triggered a rally in EUAs which in turn led traders to squeeze short positions held by algorithmic traders.
EU carbon prices ended Wednesday in the grip of a major price spike, as a news report reiterating that UK-EU market linking was under "serious consideration" caused UKA prices to leap as much as 11%, and triggered a rally in EUAs which in turn led traders to squeeze short positions held by algorithmic traders.


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