The price of carbon allowances for 2007 dropped below one euro for the first time Monday. It was also a bearish start to the week in the fuel markets.
The December 2007 contract fell to a record low of EUR 0.80/tonne at the ECX, down 35 cents from before the weekend, as financial houses were said to place large sell orders on behalf of the manufacturing sector, Point Carbon reports.“Psychologically, once it goes below EUR 1.00, people panic that what they have is worthless. If you have 100,000 spare allowances, it is still EUR 10
Dienstag, 20.02.2007, 08:16 Uhr
Redaktion
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