WCI Markets: CCAs decline amid heavy spread trading, WCAs hit 7-mth low beneath reserve sale trigger

California Carbon Allowance (CCA) prices sagged to a six-week low in recent days as bearish macroeconomic factors intertwined with “roll season”, while Washington Carbon Allowance (WCA) values sank as traders questioned the upcoming November Allowance Price Containment Reserve sale and state’s WCI linkage potential.