Carbon demand continues to surge
1 Jul 2008
Demand for carbon surged again today on the back of firm oil prices, and while oil backed off from its highs, the carbon price remained very well-bid right across the strip, especially the back vintages which continued to rise and steepen the curve further, broker OM Financial reports.
Carbon also remained well bid on the back of stronger German power prices, which continued its correlation with the coal prices. The strong coal price has failed to dampen the demand for carbon.
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