Author: advantag

Dear Sir or Madam,

According to the German government, the EU should in future invest at least one fifth of its budget in projects that promote climate protection. It thus supports the Green Growth Group’s demand to invest a minimum of 20% of the EU budget from 2021 on appropriate programs and climate-friendly projects. Currently, the German government spends about 3.7 billion annually on climate protection projects, which is just over one percent of the federal budget.

A weaker market environment in the energy sector, especially for oil and electricity, also increased the market for CO2 emission rights last week. For example, prices moved sideways-downwards after lower demand at the auctions, and the EUA lost around 30 cents on a weekly basis against the particularly bullish last week. Only the CER were able to gain slightly in view of the approaching end of the compliance submission deadline for 2017.

Even the start of the new week starts a bit cautiously with a minus of about one percent.

 

(Average Quotes Exchange / OTC)
Instrument	2018-04-06	2018-03-29	Change
EUA (Spotmarket)	12.96 EUR	13.26 EUR	-0.30 EUR
EUA (December-2018-Future)	12.99 EUR	13.28 EUR	-0.29 EUR
CER (Spotmarket)	0.20 EUR	0.19 EUR	+0.01 EUR
ICE Brent Crude Oil (Benchmark Future)	66.99 USD	70.26 USD	-3.29 USD
EURO (Currency, Forex)	1.2279 USD	1.2302 USD	-0.0023 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 has 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. This 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

 

Dear Sir or Madam,

The impending escalation of the trade conflict between the USA and China has the potential to place a lasting burden on the world economy. Now that the US government has imposed punitive tariffs on steel imports from China, Beijing has now imposed punitive tariffs of up to 25% on imports of 128 US products. The Chinese government has selected the selection because it will specifically target typical Trump rural voters, especially as it relates to agricultural products.

Nonetheless, during the Holy Week, prices for European CO2 emission allowances continued to rise sharply, even breaking through the € 14 level last Wednesday to close on Thursday with a further 5.3% weekly gain of € 13.26 per EUA,

It remains to be seen whether the nervous macroeconomic environment will be able to force a correction of the bullish price before the end of the compliance submission deadline on 30.04.2018.

 

(Average Quotes Exchange / OTC)
Instrument	2018-03-23	2018-03-16	Change
EUA (Spotmarket)	12.58 EUR	11.15 EUR	+1.43 EUR
EUA (December-2018-Future)	11.61 EUR	11.17 EUR	+1.44 EUR
CER (Spotmarket)	0.20 EUR	0.19 EUR	+0.01 EUR
ICE Brent Crude Oil (Benchmark Future)	69.71 USD	66.13 USD	+3.58 USD
EURO (Currency, Forex)	1.2357 USD	1.2289 USD	+0.0068 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 has 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. This 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

Dear Sir or Madam,

If we talked about a new seven-year high at EUR 11.50 in our last market news, we now have to report that actually already the 13-euro mark has been tested. After that, although it came to profit taking, the price has since found a level around the mark of 12.50 EUR.

Of course, looking at the details of this development, it is easy to conclude that the market is dominated by speculative traders who clearly bet on significantly rising prices. The bullish attitude was further fueled last week by news from European politics. For example, the International Energy Agency announced that global energy-related CO2 emissions rose again in 2017 for the first time after a three-year break. Strong economic growth boosted the use of fossil fuels, while energy efficiency measures seemed unpopular.

However, one of the decisive political statements with price-supporting effects was the statement from Great Britain that despite Brexit the cap-and-trade system will be favourably disposed and that the country will remain in the ETS at least until the end of the trading period.

French President Emmanuel Macron has also signaled on Thursday that he will continue to push for an EU carbon price floor, which also includes a border tariff for countries, that did not sign the Paris contract, despite the still very limited support that both ideas have so far from European partners.

Against this background, the auctions were literally stormed last week. However, many bidders did not make the move, which put significant pressure on the spot market. As a result, we saw sales of well over 30 million allowances a day and extreme price jumps.

The oil market also received a significant boost in the past week due to political news. The increase in prices was fueled by investors’ concern about a harsher US action against the big producing country and OPEC member Iran. On Friday had become known that US President Donald Trump will replace his previous security adviser McMaster by John Bolton, which brings a similar attitude with into the White House.

 

(Average Quotes Exchange / OTC)
Instrument	2018-03-23	2018-03-16	Change
EUA (Spotmarket)	12.58 EUR	11.15 EUR	+1.43 EUR
EUA (December-2018-Future)	11.61 EUR	11.17 EUR	+1.44 EUR
CER (Spotmarket)	0.20 EUR	0.19 EUR	+0.01 EUR
ICE Brent Crude Oil (Benchmark Future)	69.71 USD	66.13 USD	+3.58 USD
EURO (Currency, Forex)	1.2357 USD	1.2289 USD	+0.0068 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 has 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. This 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

 

 

 

 

 

 

 

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Advantag Services GmbH

Glockengasse 5

47608 Geldern

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Tel.: +49(0)2831.13482-20

Fax:  +49(0)2831.13482-21

Mail: info@advantag.de

Web:  www.advantag.de

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Managing Director:

Raik Oliver Heinzelmann

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P  Please consider environment before printing this email and safe on every page 200 ml drinkable water, two gram CO² and two gram wood.

 

 

Dear Sir or Madam,

The dream of a largely self-sufficient home is becoming reality for more and more homeowners in Germany or for many in plannable proximity, because in Germany, the number of private or commercial solar energy storage increases significantly. In 2017, around 30,000 new solar energy storage units were added; currently about 85,000 units are in operation.

According to the German Energy Storage Association (BVES), these have now reached a total storage capacity of 700 megawatts, which corresponds to almost 10% of the German electricity storage capacity (7,370 megawatts). These are currently still largely based (6,360 megawatts) on pumped storage plants. As a precautionary measure, approximately 6,000,000 German citizens could use the solar energy storage systems to buffer their annual electricity requirements.

Some of these storage batteries come from electric cars, which are taken after a reduction in storage capacity to about 75% and now have a “second life”.

Ultimately, this poses a growing challenge to the energy industry, as it must ensure grid stability and compensate for the loss of private and commercial customer revenues.

The market for European CO2 emission allowances saw a new seven-year high at EUR 11.50 per EUA last week, before prices fell as a result of profit taking, but closed well above the EUR 11 mark at the end of the trading week,

With the significant bullish trend now lasting a quarter of a year, it would not be surprising if profit taking could trigger a correction. On the other hand, not all companies have yet met their need for allowances before the end of the current submission deadline on April 30, 2018, so it remains to be seen when consolidation could take place.

The development of the demand for the auctions this week could therefore be very interesting.

 

(Average Quotes Exchange / OTC)
Instrument	2018-03-16	2018-03-09	Change
EUA (Spotmarket)	11.15 EUR	11.05 EUR	+0.10 EUR
EUA (December-2018-Future)	11.17 EUR	11.12 EUR	+0.05 EUR
CER (Spotmarket)	0.19 EUR	0.19 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	66.13 USD	65.25 USD	+0.88 USD
EURO (Currency, Forex)	1.2289 USD	1.2306 USD	-0.0017 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 has 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. This 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

Dear Sir or Madam,

Fourteen EU environment ministers have joined as members of the so-called “Green Growth Group” to promote the climate-friendly design of the next EU budget. Accordingly, the EU subsidy policy and structure should be in line with the objectives of the Paris Agreement on Climate Change. At the beginning of May, the legislative proposal for the EU budget for the period 2019-2030 should be submitted.

And the financial sector should also play its part. According to the plans of the European Commission, new regulations are planned, which should explicitly promote green investments under the label “Green Finance”. Asset managers and institutional investors should therefore be brought to more climate protection and sustainability.

“The Trend is your Friend,” all stockbrokers know, and stock market psychology is sometimes more important than chart analysis and fundamental data. Currently, the EU emission rights trend is still bullish, which can be seen in nearly 10% higher prices for European allowances in the past week alone. Since the beginning of the year, the EEA has gained two euros or 22%. A year ago, prices were still at 5.22 euros per tonne and have since recorded a whopping 112% growth. Today’s Monday also starts with a plus of just under 2%.

 

(Average Quotes Exchange / OTC)
Instrument	2018-03-09	2018-03-02	Change
EUA (Spotmarket)	11.05 EUR	10.10 EUR	+0.95 EUR
EUA (December-2018-Future)	11.12 EUR	10.14 EUR	+0.98 EUR
CER (Spotmarket)	0.19 EUR	0.18 EUR	+0.01 EUR
ICE Brent Crude Oil (Benchmark Future)	65.25 USD	64.43 USD	+0.82 USD
EURO (Currency, Forex)	1.2306 USD	1.2317 USD	-0.0011 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 has 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. This 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