Euro Markets: EUAs finally give way under weight of options-related selling, while UKA discount at one-year low « Carbon Pulse

Euro Markets: EUAs finally give way under weight of options-related selling, while UKA discount at one-year low « Carbon Pulse

After clinging to the week's narrow trading range for the first half of Friday, European carbon prices fell away to a six-week low in the afternoon as option traders unwound hedges ahead of next Wednesday's expiry of the June options contracts, while UK allowances trimmed their discount to the European contract to the least in a year.