European carbon prices rose for the third straight trading session on Thursday, rebounding from levels well below €70 on Monday. However, the momentum has eased, with gains slowing from +2.33% on Tuesday to +1.91% on Wednesday and just +0.18% on Thursday.
The most recent Commitment of Traders (CoT) report, published by the ICE platform this morning, revealed that investment funds have reduced their net long positions (long positions minus short positions) to just 15.6 million allowances, down from 23 million the previous week.
The European carbon market started the week on a bearish note, with the EUA Dec ’25 contract falling by nearly €2 on Monday to settle at €68.97 — its lowest closing level since early May. Carbon prices tracked the downward movement in gas markets, as the TTF front-month contract ended the session 2.25% lower compared […]
The European carbon market showed signs of stabilization on Friday, recovering slightly after a sharp €3 drop during the previous two sessions. The benchmark EUA December 2025 contract closed at €70.96, up modestly from Thursday, yet still marked a 2.8% decline for the week.
On Friday, the European carbon market rose alongside gas and oil, with the EUA Dec’25 contract briefly trading at €76.75, the highest level since mid-February. However, carbon failed to hold on to early gains and closed the session at €75.94, ending the week with a 3.3% gain.
The European carbon market traded lower for most of yesterday’s session before staging a sharp late-day rebound. The EUA Dec ’25 contract settled at €75.39—more than €2 above its intraday low—marking its highest close since mid-February.
According to a poll released Wednesday by Montel News, the EUA December 2025 contract is now expected to average around €77 this year. This marks a significant rise from the 2024 average of €66.5, as reported by Veyt.
The European carbon market closed lower on Tuesday, ending a six-day winning streak during which EUAs gained around €4. The price declined by a substantial 2.12%, tracking similar losses in the gas market. The TTF front-month contract dropped by 2.72% following news of a new gas supply deal with Azerbaijan.
The European carbon market extended its positive momentum for a sixth consecutive day on Monday, as investors continued to take advantage of the holiday period when the market tends to be less liquid, creating opportunities for larger price movements.
The most recent weekly report of the Commitment of Traders (CoT), published by the ICE platform on Wednesday, revealed that investment funds have reduced their net long positions (long term positions – short term positions ) to 16,9 million allowances, down by nearly 5% compared to the previous report, primarily due to an increase in […]