According to the weekly Commitment of Traders (CoT) report published by ICE on Wednesday, investment funds increased their net long positions in EUAs to 18.9 million allowances as of last Friday—up nearly 21% from the previous week—suggesting growing optimism among speculators regarding the outlook for EUAs.
In April, the European Commission launched a 12-week public consultation as part of its evaluation of the EU Emissions Trading System (EU ETS) and the Market Stability Reserve (MSR), with a legislative proposal expected in the third quarter of 2026.
With compliance deadlines just around the corner, Energy Aspects, as cited by Montel News, forecasts a 10% rise in carbon prices during the third quarter of this year, with average levels expected to hover around €75 per tonne.
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.