LONDON Oct 11 (Reuters Point Carbon) - European carbon edged up more than 1 percent on Thursday after a sale for nearly half of the 5 million permits expected by the market this week was postponed, spurring utilities to buy allowances.
Front-year EU Allowance futures added 8 cents to 7.80 by 1541 GMT on light volume of 9.2 million units.
"There's a little bit of demand, mainly utility hedging ... (but) carbon's struggling to go in either direction. A lot of people want to short this but others still want to buy it for hedging purposes," one trader said.
