Euro Markets: EUAs slump back as market awaits key investor, TNAC data

Benchmark European carbon prices fell on Tuesday, moving as much as 3% lower in a late sell-off, as sources noted a likely correction lower following Monday gains linked to a delay of US tariffs on the EU, with participants also hesitant to take on too much risk ahead of Wednesday's publication of funds' positioning data and the European Commission's release of the 2024 Total Number of Allowances in Circulation (TNAC).