Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

EU Carbon Drops Most in Two Weeks After Breaching Support Level

European Union carbon permits fell the most in almost two weeks after prices breached a technical support level and the U.K. auctioned allowances.

The December futures contract declined as much as 7.3 percent to 3.30 euros ($4.27) a metric ton on London’s ICE Futures Europe exchange. Allowances closed at 3.32 euros a ton, the lowest for 10 days and the biggest decline since May 10.

The contract dropped below a trendline at 3.46 euros that started from the record-low 2.46 euros on April 17, according to Clive Lambert, an analyst in Billericay, England at Ltd. The breach of support means prices may fall to as low as 2.86 euros a ton, Lambert said.

Aggregate daily trading volume for EU permits in May declined yesterday to the lowest since Jan. 22, according to ICE Futures data. The 20-day moving average for all contracts fell to 20.4 million tons.

The U.K. sold 4.1 million EU allowances at 3.43 euros a ton in a fortnightly auction. The sale had bids of 11.1 million tons, the most for a U.K. offer since Feb. 27, according to ICE data compiled by Bloomberg.

United Nations carbon offsets for December fell as much as 24 percent to 29 euro cents a ton, their lowest in almost three weeks, before closing 11 percent lower at 34 cents a ton.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.