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EMISSIONS: EUA Speculator Positioning Turns More Bearish for Fifth Week

EMISSIONS

Speculator positioning in EU ETS futures on the ICE exchange turned more bearish for the fifth consecutive week with net long positionings at the lowest since 10 January, the latest COT data as of 14 March showed.

  • Investment Funds net long positionings decreased by 5,287 to +31,095.
  • Investment Firm net short positionings increased by 3,223 to -332,132.
  • Commercial Undertaking net long positionings rose by 8,273 +230,871.
  • EU ETS Dec25 allowances saw a weekly net increase of 3.3% in the week to 14 March, with support from EU gas prices, while talks on the potential relinking of the EU’s and UK’s ETS trading schemes also pushed EUAs higher. 
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Speculator positioning in EU ETS futures on the ICE exchange turned more bearish for the fifth consecutive week with net long positionings at the lowest since 10 January, the latest COT data as of 14 March showed.

  • Investment Funds net long positionings decreased by 5,287 to +31,095.
  • Investment Firm net short positionings increased by 3,223 to -332,132.
  • Commercial Undertaking net long positionings rose by 8,273 +230,871.
  • EU ETS Dec25 allowances saw a weekly net increase of 3.3% in the week to 14 March, with support from EU gas prices, while talks on the potential relinking of the EU’s and UK’s ETS trading schemes also pushed EUAs higher.