| Korean Carbon Units (KCUs) gained 10% in Thursday’s trade, trading up to 16,500 won ($13.41) to hit a record high for the second day in a row as supply remains severely restricted. The offsets jumped 9.6% on Wednesday in the first recorded trade since Dec. 29, hitting the previous all-time high of 15,000 won.
A small clip of 3,000 KCUs traded on the Korea Exchange at 16,000 won on Thursday, before 230,000 offsets traded OTC at 16,500 won, a trade that was later cleared on the exchange. “This shows a lack of supply. Prices have now nearly doubled from the start [of the ETS],” one market participant told Carbon Pulse...............................................Full Article: Source |