Category: General

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Emissions Trading / Carbon Market News (2019-01-21)

Dear Sir or Madam,

The price of oil has risen sharply during the third consecutive trading week and has rallied around 9.00 USD a barrel during this period. In addition to the hope for a change of attitude in the trade dispute between the USA and China, a clear cut in production volumes from ??the OPEC countries pushed the price significantly up. Although some analysts forecast an even stronger price increase, some factors tend to argue against it. Thus, according to the abovementioned reduction in production, the total output is still well above the demand level and at the same time the USA has reported a record output of 11.9 million barrels per day.

While In June 2016, the relatively surprising outcome of the British referendum on leaving the European Union had triggered a huge drop in emissions allowances, this topic currently no longer plays a significant role. Neither the failed vote on the Brexit deal on Tuesday, nor the failed vote on the motion of no confidence against Theresa May, had a negative effect on the price performance of the EUAs.

Instead, the icy winter temperatures and the constantly rising oil prices pushed CO2 close to the 25 euro mark. Thus, even in the current trading week, it is unlikely that the political events in London and Brussels will affect the price of pollution rights.

(Average Quotes Exchange / OTC)      
Instrument 2019-01-11 2019-01-18 Change
EUA (Spotmarket) 22.59 EUR 24.83 EUR +2.24 EUR
EUA (December-2019-Future) 22.60 EUR 24.86 EUR +2.26 EUR
CER (Spotmarket) 0.24 EUR 0.24 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 60.40 USD 62.59 USD +2.19 USD
EURO (Currency, Forex) 1.1466 USD 1.1367 USD -0.0099 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

Posted on

Emissions Trading / Carbon Market News (2018-01-14)

Dear Sir or Madam,

Since the beginning of November 2018, there has not been an auction for emission rights from German contingent at EEX, as the EU first had to confirm EEX as a platform for the auctioning of German certificates. As a result, 21,807,000 EUA less came on the market in the past year, which will now also be auctioned in the new year. At the end of last week, the Leipzig EEX was able to announce the current auction data for 2019.

Overall, Germany will auction on the EEX between 01.02.2019 and 13.12.2019 now 156,028,500 EUA. Regularly, 3,209,000 EUA from German contingents come weekly until July, taking into account the reduction of the Market Stability Reserve (MSR) for the weekly auction. The volume is halved in August and from September to mid-December the auction volume is 4,732,500 EUA.

As this was expected by most of the market participants, there was no particular reaction from the EUA course. In the past trading week, prices ranged between 21.18 and 23.26 euros per EUA; The weekly closing price was slightly lower than in the previous week and was at 22.59 Euro on the spot market, which was only one cent away from the December 2019 futures market contract.

(Average Quotes Exchange / OTC)      
Instrument 2019-01-04 2019-01-11 Change
EUA (Spotmarket) 23.49 EUR 22.59 EUR -0.90 EUR
EUA (December-2019-Future) 23.73 EUR 22.60 EUR -1.13 EUR
CER (Spotmarket) 0.24 EUR 0.24 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 57.07 USD 60.40 USD +3.53 USD
EURO (Currency, Forex) 1.1395 USD 1.1466 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 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

Posted on

Telephone System Fault Solved

Dear Sir or Madam,

The fault of the telephone system has been corrected in the meantime and we are again under our usual phone number +49 (0) 2831.1348220 reachable.

Thank you for your understanding.

 

Best regards,

Advantag Group

Posted on

Current Disruption of our Telephone System

Dear Sir or Madam,

due to a disruption of our provider Unitymedia we are currently not reachable by our ordinary phone.

Please call us until the fault is resolved under the number +49 (0) 2831.3959372 or send us an email to info@advantag.de, we will call you back immediately.

Thank you for your understanding.

 

Best regards,

Advantag Group

Posted on

Emissions Trading / Carbon Market News (2018-10-01)

Dear Sir or Madam,

The Mercator Research Institute on Global Commands and Climate Change, or MCC for short, has programmed a clock on its homepage that shows the global carbon budget that mankind is still allowed to emit in order to reduce global warming to 1.5°C or 2°C to limit. This report contains the latest findings of the last progress report of the IPCC.

In order to meet the 1.5°C target set by the 2015 Paris Climate Change Conference, humankind should no longer emit CO2 or its equivalent of other greenhouse gases in the ordinary case by the end of the month. The goal of reducing global warming to 2°C gives us 17 years to emit a maximum of 690 gigatons of CO2 into the atmosphere.

As of today, the IPCC sits back to debate a meta-study of work by 24,000 experts in South Korea. A result is to be published on 8. October. It is not expected that the result will give cause for optimism.

In the past week, the European carbon emission rights in a trading range between 19.60 and 23.00 euros moved. After the certificates had dipped below the 20-euro mark on Wednesday, they closed at the end of the trading week with a small minus vis-à-vis the previous week visibly above the 21-euro line.

The upswing on the last two trading days was accompanied by a significant increase in crude oil prices, which rose by nearly 4% on a weekly basis. The main reason for this was the decision by the extended OPEC group last Sunday not to raise the production volumes for the time being.

 

(Average Quotes Exchange / OTC)      
Instrument 2018-09-14 2018-09-21 Change
EUA (Spotmarket) 19.94 EUR 22.08 EUR +2.14 EUR
EUA (December-2018-Future) 19.97 EUR 22.13 EUR +2.16 EUR
CER (Spotmarket) 0.29 EUR 0.29 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 78.08 USD 78.78 USD +0.70 USD
EURO (Currency, Forex) 1.1627 USD 1.1748 USD +0.0121 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