| EU carbon fell 2.1% on Monday to its lowest settlement since Sep. 29 as power prices dropped and analysts predicted prices would come under pressure despite a lack of auction supply.The benchmark Dec-16 EUA contract settled down 18 cents on ICE at €8.11, a cent off the session floor, on what was the first trading day of 2016.
Turnover was modest at just 6.7 million, with just 1.4 million changing hands on all other vintages, which could be an indicator that trade was dominated by speculators rather than utilities that tend to deal further along the curve...............................................Full Article: Source
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