Carbon Weekly Newsletter - June 6th
California Carbon Allowance (CCA) prices closed slightly higher on the shortened trading week. The Dec22 contract closed the week at $32.80, up 0.77% on the week. The market climbed to $33.28 Wednesday before selling off Thursday and Friday on light volume. Wednesday’s settlement marked the highest price for CCAs since early January. According to the latest CFTC data, speculators are once again adding to their futures positions, likely leading to the recent upward momentum.