EU carbon near five-month lows but market poised for rebound, say traders
October 28, 2023 Comments Off
Carbon prices under the EU Emissions Trading System slid close to five-months lows in the week to Oct. 27, weighed down muted demand driven by lower power generation and weak macroeconomic fundamentals. But several traders and analysts said they expect prices to recover in November as seasonal demand likely kicks in, aided by a fall in auction supplies. European allowances…
EU carbon near five-month lows but market poised for rebound, say traders
Carbon prices under the EU Emissions Trading System slid close to five-months lows in the week to Oct. 27, weighed down muted demand driven by lower power generation and weak macroeconomic fundamentals. But several traders and analysts said they expect prices to recover in November as seasonal demand likely kicks in, aided by a fall in auction supplies. European allowances…
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