| European carbon prices edged lower in thin trade on Monday ahead of an increase in supply from government sales of carbon allowances. Front-year EU Allowance (EUA) futures closed at 6.34 euros, down 4 cents on Friday's settlement.
Liquidity was poor with around 4 million allowances of all vintages changing hands across all platforms as many traders were absent from their desks due to a national holiday in Britain. "The biweekly UK auction on Wednesday as well as the prospect of auction volumes going back to pre-August level in September could slow down the upward trend we have seen recently," analysts at Thomson Reuters Point Carbon said...............................................Full Article: Source |