May 22, 2024 09:00 GMT
EUA Investment Funds Positioning Turns More Bearish
EMISSIONS
EU ETS Dec 24 prices removed most of the earlier gains to edge only slightly higher in a choppy session with the latest Commitment of Traders data showing investment funds net short positioning in EU ETS futures turning the most bearish since early May.
- EUA DEC 24 up 1.5% at 71.29 EUR/MT
- Investment Firm net short increased by 4.314m to -235.82m
- Investment Funds net short position increased by 2.57m to -14.01m
- Commercial Undertaking net long position rose by 4.82m to 190.72m
- EUA prices for Dec 24 delivery rallied to the highest since early January earlier in the session before retreating.
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