While gas and coal continued down yesterday, carbon and oil prices were lifted by bullish analysis and inventory figures respectively.
The December 2008 carbon contract reached an intraday high of EUR 20.40/tonne on the ECX yesterday afternoon and settled at EUR 19.98/tonne (+0.68). Players said Deutsche Bank's upgraded estimate for carbon prices beyond 2008 was a major trigger. The bank has lifted its estimate for the 2008-2020 period from EUR 25/tonne to EUR 35/tonne, and the news was not really digested by the market
Donnerstag, 26.07.2007, 08:02 Uhr
Redaktion
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