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EUAs climb to fresh 6-month high


19 Aug 2022 11:49

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19 Aug 2022 11:49

(Montel) European carbon prices climbed to fresh six-month highs on the back of several bullish short-term signals on Friday, though analysts warned of a potential correction if high energy prices lead to less energy demand or if there was a downturn in Europe’s economy.

The benchmark Dec 22 EUA contract was last seen at EUR 97.66/t, up EUR 1.62 on the day after hitting a fresh high of EUR 98.05/t earlier on Friday.

It has surged 10% this week and is nearing the all-time high of EUR 98.49/t from February.

Market participants said prices were driven by expectations of increased use for thermal power this autumn amid low nuclear and hydropower output…

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