OVERVIEW
• Carbon – moving fast
• OMF and CommTrade open throughout the four-week lockdown.
COMMENTARY
After tumbling 8% from the high – circa $29.25 in late January down to under $22 this week– we closed at $22.30 after market close last night. All carbon markets have bounced from a savage sell-off. European carbon hit a 21 month low of €14.34 on Monday to close up over €2 at €16.78 last night.
It’s not just carbon markets that have staged a recovery – all markets everywhere have staged spectacular rallies as governments globally both lock down society and inject…
