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EU Carbon Is Little Changed After Price Drop at Market Open
2010-10-13 10:10:19.136 GMT
By Mathew Carr
Oct. 13 (Bloomberg) -- European Union carbon-dioxide
allowances pared losses to trade little changed after prices
fell the most in 11 weeks at the market open.
EU allowances for December dropped as much as 2.5 percent
to 15.35 euros ($21.85) a metric ton, the biggest drop since
July 26 on London's European Climate Exchange. They were up 6
cents at 15.81 euros as of 11:04 a.m local time.
The contract traded at 15.35 euros eight times in the first
10 seconds of trade at 7 a.m. The first seven trades were for
one lot, or 1,000 tons. The eighth trade was for 72,000 tons,
potentially earning the buyer 33,120 euros.
For Related News and Information:
Top Power Stories: PTOP <GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
Today's top energy news: ETOP <GO>
European power-markets home page: EPWR <GO>
--Editors: Rob Verdonck, Randall Hackley
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss on +44-20-7073-3520 or sev@bloomberg.net
