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EUAs trade averages 9.4 million a day and follows direction set by record coal price

Tuesday 6 May 08 9:00am

A daily average 9.4million EUAs traded through brokers and exchanges last

week, according to Fortis bank's weekly international market analysis.

The carbon market kept perfect pace with the signal provided by fuel fundamentals throughout last week. Forward gas prices rose to record levels in

the beginning of last week with Sum09 NBP closing at 69.7p/therm on Monday

April 21. Throughout the week, gas softened while coal gained strength. Cal09, Fortis says in this analysis.

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Related Topics: Emissions trading

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