Funds Boost Bullish Bets in EU and UK Carbon Markets
Investment funds continued to expand their net long positions in both the EU and UK carbon markets during the week ending Friday, 16 May, according to data from ICE’s Commitment of Traders report.
Investment funds continued to expand their net long positions in both the EU and UK carbon markets during the week ending Friday, 16 May, according to data from ICE’s Commitment of Traders report.
On Tuesday, the European carbon market rebounded strongly, recovering most of the losses sustained over the previous two trading sessions. The benchmark EU Allowance (EUA) contract for December 2025 closed at €73.18, posting a notable daily gain of 3.92%.
European carbon prices extended their decline on Monday, continuing the downward trend from the previous session. EUA Dec ’25 contracts ended the day at €70,42 nearly €4,5 below the three-month high recorded on Friday.
The weekly Commitment of Traders (CoT) report, published by the ICE platform this week, revealed that as of last Friday, investment funds had increased their net long positions (long positions minus short positions) to 9 million allowances—nearly 20% higher than the previous week.
The European carbon market closed lower in yesterday’s session, despite hitting a seven-week high earlier in the day. EUAs climbed to €73.82 in the morning, a level not seen since March, before reversing gains and ending the day at €72.90, down €0.51.
According to monthly data published by Ember, the EU took a small step back in its electricity transition in April, as fossil fuels recorded a modest increase compared to the same period last year.
The European carbon market jumped to seven weeks high on Monday morning as trade tensions ease according to a joint statement just released by the United States and China, following maraton negotiations over the weekend.
The most recent Commitment of Traders (CoT) report published by the ICE platform on Wednesday morning revealed that investment funds have increased their net long positions (long term-short term) to 7,5 million allowances from 2,6 million allowances in the previous week.
The European carbon market saw a rebound on Tuesday, managing to win back all of the losses from the previous trading session. After reaching an intra-day high of €69,68, a level last seen a month ago, the EUAs closed the day with a 2,67% gain. The upward trend continued in Wednesday morning’s session, with Dec […]
Germany could voluntarily cancel 514.000 allowances between 1 september and 31 December 2025, in relation to the year 2023. The amount is part of a total of up to 12,25 million due to be canceled between 2025-2030.