EMEA > Euro Markets: EUAs extend gains on March option hedging before gas plunge trims day’s advance

Euro Markets: EUAs extend gains on March option hedging before gas plunge trims day’s advance

Published 17:29 on March 13, 2025  /  Last updated at 18:35 on March 13, 2025  / /  EMEA, EU ETS, UK ETS

European carbon resumed its close correlation to natural gas price movements on Thursday, as prices advanced to an eight-day high amid sustained early strength in April TTF gas and helped by robust demand from March options hedging, before news headlines in mid-afternoon triggered a massive sell-off in gas that pulled EUAs down from their highs.
European carbon resumed its close correlation to natural gas price movements on Thursday, as prices advanced to an eight-day high amid sustained early strength in April TTF gas and helped by robust demand from March options hedging, before news headlines in mid-afternoon triggered a massive sell-off in gas that pulled EUAs down from their highs.


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