(Bloomberg) -- European Union emission permits fell to
their lowest in more than a month as Germany proposed to hold
auctions, potentially earlier than expected, and traders sold
permits after prices gained more than 75 percent since February.
Permits for delivery in December 2008 dropped as much as 1.30
euros, or 5.9 percent, to 20.60 euros ($28) a metric ton, according
to the European Climate Exchange in Amsterdam. That's the lowest
price for the benchmark permits since May 15. They closed at 21.10
euros. The contract reached a record-low 11.80 euros on Feb 20.
Read more at Bloomberg Energy News
their lowest in more than a month as Germany proposed to hold
auctions, potentially earlier than expected, and traders sold
permits after prices gained more than 75 percent since February.
Permits for delivery in December 2008 dropped as much as 1.30
euros, or 5.9 percent, to 20.60 euros ($28) a metric ton, according
to the European Climate Exchange in Amsterdam. That's the lowest
price for the benchmark permits since May 15. They closed at 21.10
euros. The contract reached a record-low 11.80 euros on Feb 20.
Read more at Bloomberg Energy News
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