Weekly Commentary: ICE market outlook turns long as benchmark-front spread diverges

April 12, 2021 by Anant Jain

Summary: Front up $0.02 closing at $17.96, spread between Benchmark and Front diverges by $0.09 Weekly volume reduces by 9%, to 18M tons Net OI creation of 3M tons WoW Last week at the InterContinental Exchange, a total of 18M tons of California Carbon Allowances (CCAs) changed hands. This was…

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