Emissions Trading / Carbon Market News (2017-07-31)

Dear Ladies and Gentlemen,

In the known yo-yo effect, which is feared by not a few people, a reduction diet results first in the desired fat and weight loss. The energy stores in the body are activated, which makes the view on the scale and in the mirror additionally pleasing. But the lack of food also leads to an energy saving program in the muscles. This “emergency operation” remains active even after the person has resumed their usual eating. However, the fat stores are quickly replenished and not infrequently one has more pounds on the scale than before the diet.

The global oil market has been facing a similar dilemma for several years. In order to achieve the desired prices on the market, the OPEC, together with other countries, prescribe themselves a diet for the production output. But as soon as the price reaches a level above the $ 50 mark, the relative expensive fracking method in the US is worthwhile and the stocks are filled so well that the price drops again just as quickly as it rose before.

At the beginning of last week, OPEC and Russia representatives met again to discuss more effective measures, and the oil price actually rose again to over USD 52.00. But this time, too, the yo-yo effect will not fail to appear. In a diet, you can curb the effect when regular exercise is added. With the oil price, however, we will still be looking for a suitable solution for quite a long time.

The carbon market has benefited from the oil rally last week and has clearly ended its last downward course. With an average price cut of around 25 cents in relation to the previous week, the price moved more or less sideways, but made up ground shortly before settlement on Friday.

The new trading week starts today with a promising auction result of 5.23 EUR and changes from tomorrow to the summer mode with halved auctions.

 

(Average Quotes Exchange / OTC)      
Instrument 2017-07-28 2017-07-21 Change
EUA (Spotmarket) 5.17 EUR 5.08 EUR +0.09 EUR
EUA (December-2017-Future) 5.18 EUR 5.09 EUR +0.09 EUR
CER (Spotmarket) 0.20 EUR 0.21 EUR -0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 52.19 USD 47.98 USD +4.21 USD
EURO (Currency, Forex) 1.1752 USD 1.1661 USD +0.0091 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

 

Emissions Trading / Carbon Market News (2017-07-24)

Dear Ladies and Gentlemen,

With the start into the past trading week, the carbon market has interrupted its soaring flight, which started in mid-May. The price with it tested the rising support line just above the five-euro mark. In the past two months, the price had increased by around 1.35 EUR, so that the current correction fits well into the landscape. If, however, the price won’t find stable ground this week, a breakthrough down could consume a lot of the gained terrain. However, in the case that the support holds, a further, clear price increase is even possible in the direction of EUR 6.00.

Consumers, politics and the judiciary kept their breaths when it became known that the German car-makers had appeared regularly and organized illegal agreements in all possible areas since the 1990s. This incomparable car cartel of course was to the detriment of the suppliers, competitors and buyers, but also at the expense of environmental and climate protection. A connection to the Diesel affair is likely. Instead of undertaking joint efforts to develop truly environmental-friendly technologies, the leadership of the German car industry out of sheer greed has completely gone into a legal vacuum. In fact, they are at the same moral level as a Donald Trump, who has denounced the Paris agreement in favor of the US coal industry. Even if you want to hypothetically assume that global warming is not caused by man, this behavior reminds one strongly of the impudent gapers in accidents. Instead of making any meaningful contribution to the rescue of the injured, they only satisfy their banal greed and hinder the rescuers. Even if the accident was not caused by them, it is at least in any case a failure to render assistance. And this is also true for the climate change, as it is pretty irrelevant, who or what it caused. It’s just about doing something.

 

(Average Quotes Exchange / OTC)      
Instrument 2017-07-21 2017-07-14 Change
EUA (Spotmarket) 5.08 EUR 5.41 EUR -0.33 EUR
EUA (December-2017-Future) 5.09 EUR 5.42 EUR -0.33 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 47.98 USD 48.99 USD -1.01 USD
EURO (Currency, Forex) 1.1661 USD 1.1469 USD +0.0192 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

Emissions Trading / Carbon Market News (2017-07-17)

Dear Ladies and Gentlemen,

The French President, Emmanuel Macron, was after the meeting in Paris optimistic, that US-President Donald Trump could stand again behind the Paris climate deal from 2015. He said to the weekly Journal du Dimanche, “Trump was listen to me. He said, that he will find a solution in the upcoming months.” Macron continued, that both Presidents was talking about the circumstances, how the United States of America could return to the Paris agreement. Macron explained, that Trump has understood the relations between global warming and terrorism.

This wouldn´t been the first change of direction from the US-President, but in the face of nearly four times more jobs in the renewable energy sector towards the coal industry, it would be possible, that Trump could see these numbers.

On August 1st, 2017 the reduced auction volume during the summer holiday period, which is nearly halved, the stronger crude oil prices and the sustainable breakthrough of important chart resistances made the European Emission Allowances EUA stronger once again for 8 Cents on weekly basis. The EUA closed last week by 5.41 Euro per ton. If the market environment remains positive, a renewed plunge below the 5-Euro-Level should remain undone next days.

 

(Average Quotes Exchange / OTC)      
Instrument 2017-07-14 2017-07-07 Change
EUA (Spotmarket) 5.41 EUR 5.33 EUR +0.08 EUR
EUA (December-2017-Future) 5.42 EUR 5.34 EUR +0.08 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 48.99 USD 46.79 USD -2.20 USD
EURO (Currency, Forex) 1.1469 USD 1.1402 USD -0.0067 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

Emissions Trading / Carbon Market News (2017-07-10)

Dear Ladies and Gentlemen,

The clear upward movement on the carbon market did not seem to lead to a sustainable change in trend at the beginning of last week. The price ranged from EUR 5.10 to EUR 5.20 clearly above the five-euro mark, but a weak auction result and a rather restrained trading on Thursday indicated a bearish market development. Then, however, a very strong auction on Friday surprised the market participants and then triggered a rally that pushed the price in the direction of 5.50 EUR. In today’s early trading, this mark could even be overcome in the short term and the market recorded a 4-month high with a peak at EUR 5.53.

The most violent rainfalls since the beginning of the weather records has haunted the southwest of Japan in recent days. Massive destruction caused by landslides and flooding has cost already 18 lives, many are still missing. At the same time devastating forest fires are raging in the US state of California. After some weeks ago the Governor had declared a five-year drought period to be finished, the temperatures rose locally above 40 degrees. It seems like a bad joke that Donald Trump is still stubbornly clings to his notice of resignation from the Paris climate protection agreement and thus provoked a 19-to-1 final declaration at the G20 summit.

 

(Average Quotes Exchange / OTC)      
Instrument 2017-07-07 2017-06-30 Change
EUA (Spotmarket) 5.33 EUR 5.02 EUR +0.31 EUR
EUA (December-2017-Future) 5.34 EUR 5.03 EUR +0.31 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 46.79 USD 48.88 USD -2.09 USD
EURO (Currency, Forex) 1.1402 USD 1.1443 USD -0.0041 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

Emissions Trading / Carbon Market News (2017-07-03)

Dear Ladies and Gentlemen,

The past trading week was marked by a – at least temporary – turnaround on the oil market and an overall positive energy complex. As a result, the carbon market, which was already quite stable, also rose significantly, and on Thursday finally also surpassed the five-euro mark, which the market had left a good week ago. However, the market does not appear to be ready for real heights. With peak values ??between EUR 5.12 and EUR 5.14, the air became clearly too thin for the dealers and the price consolidated at around EUR 5.05.

Last Tuesday, the second so-called trialogue negotiations between the European Parliament, the Council and the Commission took place in preparation for the further legislative process on the arrangement of the fourth trading period from 2021 onwards. There have been reported some important agreements, in particular around the carbon-leakage measure. The fact that the next meeting was already scheduled for next Monday suggests that there is now a lot more momentum in the procedure.

 

(Average Quotes Exchange / OTC)      
Instrument 2017-06-30 2017-06-23 Change
EUA (Spotmarket) 5.02 EUR 4.86 EUR +0.16 EUR
EUA (December-2017-Future) 5.03 EUR 4.87 EUR +0.16 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 48.88 USD 45.64 USD +3.24 USD
EURO (Currency, Forex) 1.1443 USD 1.1194 USD +0.0249 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