KAU20 prices which have shown recovery for the past two months, moving towards the main resistance price of KRW 25,000 in October, fell by as much as 6% in November as oversupply and continued negative economic effects of the pandemic dampen market sentiments and put downward pressure on the prices.
Trading volume (excluding OTC) was also slightly down compared to October's data at around 1 million tons, although there's a slight uptick in intraday trading, with market makers driving the majority o the sales.
The market is expected to stay in this pattern for the time being until the companies start verifying their emissions statements.
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