Carbon Market News (27/07/2020)

Dear Madam or Sir,

The corona pandemic is in full swing in the United States and many countries in South America, and scientists in Europe are also concerned that a second wave will come at the end of the holiday season at the latest. How politics will deal with this second wave is so far unclear, but at least regional lockdowns are a possible option.

Even though the prices for Brent crude oil have been above the USD 40 mark since mid-June and the prices for non-ferrous metals such as copper, aluminium or zinc also testify to rising demand, the rapid rise in the crisis metal gold shows that Nervousness of investors, who currently do not really want to trust the significantly increased stock markets.

Shortly before the summer break and the jump above the 30 euro mark two weeks ago, the prices for CO2 certificates made a correction by taking profits, which also continued in the past week. From a technical point of view, the bullish trend is still there, as long as the support lasts in the range of approx. 26 euros.

  (Average Quotes Exchange / OTC)   
EUA (Spotmarket)27.73 EUR26.29 EUR-1.44 EUR
EUA (December-2020-Future)27.82 EUR26.37 EUR-1.45 EUR
CER (Spotmarket)0.30 EUR0.30 EUR+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)43.08 USD43.26 USD+0.18 USD
EURO (Currency, Forex)1.1425 USD1.1655 USD+0.0230 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.

With kind regards,

Advantag Services GmbH