Dear Sir or Madam,
The Rhine water level in Dusseldorf stood at minus five centimetres yesterday, Sunday, and the trend is set to continue downwards over the coming week. No significant rainfall is expected on the Rhine or its tributaries in the coming days either.
For the Rhine shipping industry and its customers, this situation represents a very heavy financial burden, as vessels can only carry a fraction of their usual cargo and parts of the transport have to be shifted to road.
As US President Trump has rejected Iran’s proposal – which would ultimately have resulted in the Strait of Hormuz being reopened – the cost of fossil fuels, which had fallen last week, could rise again.
Wednesday marks the deadline for the surrender of emission allowances in the EU ETS1, as well as for certificates in the nEHS. To avoid exorbitant penalties, it is therefore crucial to ensure there are no delays here.
Allowances in the nEHS with the year code 2025 can no longer be delivered in time via the transfer lists, unless they are transferred directly by the holder today or on Tuesday before 12:00.
In the EU ETS1, this can still be done on the final day, provided absolutely nothing goes wrong and the transfer is made from a trader account that has the recipient account on its list of trusted accounts. Plant operator accounts also experience a time delay.
EUAs have shown relatively little price movement over the past week, trading in the range of 85.38 and 87.75 euros. From the middle of next week, the end of the submission deadline could lead to lower demand and consequently falling prices.
On the EEX, a total of 11,868,000 EU emission allowances will also be auctioned across all five trading days.
| Instrument | 18/09/26 | 25/09/26 | Change |
| EUA (December-2026-Future) | 86.89 EUR | 86.78 EUR | -0.11 EUR |
| EUA2 (December-2027-Future) | 66.55 EUR | 66.55 EUR | +0.00 EUR |
| nEZ26 (national German Emission Certificates) | 68.00 EUR | 68.00 EUR | +0.00 EUR |
| UKA (December-2026-Future (UK)) | 59.36 GBP | 59.42 GBP | +0.06 GBP |
| UK Natural Gas (December-2026-Future) | 202.25 GBP | 185.08 GBP | -17.17 GBP |
| ICE Brent Crude Oil (December-2026-Future) | 99.29 USD | 97.44 USD | -1.85 USD |
| EURO (Forex) | 1.1486 USD | 1.1391 USD | -0.0045 USD |
(EUA, EUA2, UKA, Natural Gas, Crude Oil and Euro Currency shows day-end-exchange quotes of the benchmark contract. This market information has just an informational character and are no advice or offer to trade emission allowances 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 book here a call with one of our specialists.
With kind regards,
Your Advantag – Team