Month: September 2017

Posted on

Emissions Trading / Carbon Market News (2017-09-25)

Dear Ladies and Gentlemen,

It had been a long time in coming, that both of the German governing parties would be faced with opposing wind, but such massive losses was not expected in the latest prognoses. Only every third elector opted for the Christian Democratic CDU/CSU and only every fifth for the Social Democratic SPD. A continuation of the grand coalition of CDU/CSU and SPD would be possible with 53.5%, but SPD chancellor candidate Martin Schulz refused steadfastly to do. That might be understandable from the point of view of his party, but it does not correspond to democratic values. One cannot rule out the possibility of new elections, which would lead the social democrats one step more to insignificance.

Since SPD became a bad looser and negated a continuation of the grand coalition, federal chancellor Angela Merkel has to focus an alliance of CDU/CSU, the liberal party FDP and the environmental party of the green. The leader of the Green Party and the FDP showed their differences yesterday evening after the election, but declared their basically willingness to negotiate. Especially by the topic climate protection, FDP-Chef Christian Lindner declared, that his party will support the Paris climate agreement, but not with national solo actions. If it would lead finally to such a government coalition, there would be no danger for a continuation of German climate policy.

The market of European emission allowances reacts positive and showed a small plus on Monday morning.

Last week on the other hand, the EUA market was bearish in the second half on swinging trading sessions, what was caused not least by weaker German power prices.

 

(Average Quotes Exchange / OTC)
Instrument 2017-09-22 2017-09-15 Change
EUA (Spotmarket) 6.64 EUR 6.94 EUR -0.30 EUR
EUA (December-2017-Future) 6.65 EUR 6.95 EUR -0.30 EUR
CER (Spotmarket) 0.20 EUR 0.20 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 56.79 USD 55.57 USD +1.22 USD
EURO (Currency, Forex) 1.1947 USD 1.1941 USD +0.0006 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask have usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. These market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

 

With kind regards,

 

Advantag Services GmbH

 

Posted on

Emissions Trading / Carbon Market News (2017-09-18)

Dear Ladies and Gentlemen,

Quite accurate 30 years ago, the Montreal agreement for protection of the ozonosphere was signed.  Today, the ozone hole is no big talking point anymore. Scientists agree, that no later than at the middle of this century, the ozone hole will be at the same level as 1960. On one hand it was an important step for the global waiving of ozone-harmful chlorofluorocarbon (CFC), on the other hand a soon aid for the climate protection, because CFC is also extremely climate-harmful.

This success shows, that it´s possible for the international community, to fight negative human made environmental influences. This should have an inspiring example for the current global protection activities.

The prices of European emission allowances got raising strongly last week and reached a 20-month-high on last Tuesday at more than 7.70 Euro for short time per EUA. That was followed by profit taking, which finally leads to a small loss on weekly basis. Especially stronger energy prices for oil and power together with the ongoing talks to reform the EU Emissions Trading System ETS was the price-building factors.

Even the new trading week has started a little more mildly, because the air for the energy complex is getting thinner after the increase of the last weeks. That´s why one should keep an eye on the development of oil, gas and power prices.

 

(Average Quotes Exchange / OTC)      
Instrument 2017-09-15 2017-09-08 Change
EUA (Spotmarket) 6.94 EUR 7.06 EUR -0.12 EUR
EUA (December-2017-Future) 6.95 EUR 7.07 EUR -0.12 EUR
CER (Spotmarket) 0.20 EUR 0.20 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 55.57 USD 53.71 USD +1.86 USD
EURO (Currency, Forex) 1.1941 USD 1.2035 USD -0.0094 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask have usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. These market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

With kind regards,

 

Advantag Services GmbH

Posted on

Emissions Trading / Carbon Market News (2017-09-11)

Dear Ladies and Gentlemen,

In our market report of August 28, we had noticed that “we can wait in suspense for the price developments in September”. But what actually happened on the carbon market last week, can only be described as spectacular.

The trade started last Monday at 5.83 EUR and then began a rally that catapulted the price in today’s early trading to EUR 7.20, marking a new yearly high. The analyst Stefan Küster from “EnergyCharts” had on Thursday a long-term view on the chart since 2008 and came to the conclusion that the market “technically stands before an important, not to say, „a decisive setting the course”. In this context, he did not rule out that we might see again the ten-euro mark.

In addition to a very positive energy sector, signals from the politics also contributed to this bullish course fire. For example, during the week was announced, that France and Germany are advocating an agreement about the new regulations for the fourth trading period already before the coming world climate summit in November. On Wednesday of this week the trialogue talks will go to the next round and here were news that some progress has been made behind closed doors in the run-up.

It is also remarkable that last Thursday the auction was canceled on the EEX, because the bids were significantly below the market. The volume will now be distributed to the upcoming auctions.

 

(Average Quotes Exchange / OTC)      
Instrument 2017-09-08 2017-09-01 Change
EUA (Spotmarket) 7.06 EUR 5.82 EUR +1.24 EUR
EUA (December-2017-Future) 7.07 EUR 5.83 EUR +1.24 EUR
CER (Spotmarket) 0.20 EUR 0.20 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 53.71 USD 52.73 USD +0.98 USD
EURO (Currency, Forex) 1.2035 USD 1.1860 USD +0.0175 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask have usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. These market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

 

With kind regards,

 

Advantag Services GmbH

Posted on

Emissions Trading / Carbon Market News (2017-09-04)

Dear Ladies and Gentlemen,

At the beginning of last week, the price of European pollution rights reached a half-year high of EUR 6.20, but then had to accept slight corrections day by day during the week. The traders thus anticipated the fact that from Friday onwards the full auction quantities came into the market. As a result, the carbon market closed considerably below the six-euro mark at EUR 5.83. The price on Friday fell even below the result of the auction of the morning, at which 5.88 EUR were signed. Twenty of the 23 bidders were able to take the 4.473.000 fresh certificates home, so there was no further pressure on the spot market from this side. In today’s early trading, the price tends slightly higher than the settlement price on Friday.

Today, the German chancellor is meeting with representatives of many municipalities threatened with driving bans for diesel cars. For the life and business location of Germany such prohibitions would be a more than serious setback. In this respect, the argument of the car makers is absolutely incomprehensible, according to which the measures adopted at the Diesel Summit would bring as many improvements for inner cities as driving bans. This is an attitude that only the car industry is able to have!

 

(Average Quotes Exchange / OTC)      
Instrument 2017-09-01 2017-08-25 Change
EUA (Spotmarket) 5.82 EUR 6.08 EUR -0.26 EUR
EUA (December-2017-Future) 5.83 EUR 6.09 EUR -0.26 EUR
CER (Spotmarket) 0.20 EUR 0.20 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 52.73 USD 51.98 USD +0.75 USD
EURO (Currency, Forex) 1.1860 USD 1.1931 USD -0.0071 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask have usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. These market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220 or +44.20.79790283.

 

 

With kind regards,

 

Advantag Services GmbH