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EU carbon price rout ?overdone?, but buy with caution -SocGen

2016-02-17 09:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Carbon Pulse: Analysts at French investment bank Societe Generale on Tuesday slashed their EU Allowance price estimates by 24% across the board but said the recent price rout has been overdone, recommending that its clients buy with caution. The analysts predict that front-year EUA prices will end 2016 at 6.80, they wrote in an emailed report, down from their previous view of 9.00 published last September but 45% above current levels near 4.70. Prices are then seen creeping up to 7 by the end of 2017, SocGen...

Tags: price buy carbon caution

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