EU Market: EUAs leap to nearly €30 on French nuclear outages
EUAs climbed as much as 5.5% on Friday, hitting a fresh six-week high within a few cents of €30 as French nuclear outages lifted the European energy complex.
Read MoreEU Market: Prices climb on reports Brussels to target higher 2030 emissions target
EUAs climbed back above €29 in a choppy session Thursday, with buying triggered by a report that the European Commission will probably push for a higher 2030 GHG reduction target next month.
Read MoreEU Market: EUAs retreat after hitting new six-week high above €29
EUAs extended a six-week high above €29 on Wednesday but later fell back, consolidating their late August surge after one of the month’s bigger sales cleared comfortably.
Read MoreEU Market: EUAs surge again as bulls squeeze 11th hour August gains ahead of supply spike
EU carbon prices jumped for a second straight day, adding nearly 5% at one point on Tuesday as buyers capitalised on broader market optimism and attempted to squeeze some eleventh-hour EUA gains out of a supply-starved August and ahead of a steep rise in auction volumes.
Read MoreEU Market: EUAs sink below €26 as auction, virus fears weigh
EUAs dropped below €26 Thursday on a bearish auction result and wider macroeconomic worries, extending the previous day’s decline as officials said the ongoing ETS registry outage would be short-lived.
Read MoreEU Market: EUAs slip back towards €26 as registry outage hits ETS
EUAs rose towards €27 early on Wednesday on strong demand at the bumper UK auction, but failed to hold on to the gains amid news of a bloc-wide emissions registry outage.
Read MoreEU Market: EUAs maintain upward drive towards €27 after stronger auction
EUAs continued to edge higher on Tuesday, with a stronger auction and buoyant energy complex helping to consolidate the previous session’s gains.
Read MoreEU Market: EUAs surge 3% after finding support near €25
EUAs jumped higher on Monday after strong support near €25 appeared to encourage bullish bets that drove prices high enough to trigger short-covering.
Read MoreEU Market: EUAs rebound from dip under €25 as economy, supply fears weigh
EUAs recovered from a dip below €25 on Friday but remained lower for the month to date, as wider economic worries and weaker power markets outweighed the effect of halved auction supply.
Read MoreGerman firms risk ‘double burden’ from EU ETS and national scheme -analysis
More than 900 EU ETS-covered installations in Germany face a liquidity squeeze following the launch of the national emissions trading system (nEHS) next year, as the two schemes will impose a ‘double burden’ that may not be compensated until a year and a half later, a study has found.
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