Category: Carbon Market News

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

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 1^st, 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

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

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

Dear Ladies and Gentlemen,

The already foreseeable further price decline on the oil market has pushed the price in the past week actually under the mark of 45 USD and thus to a seven-month low.

This alone would have been reason enough to pull the carbon price into the depths. In addition, a total of 22.1 million fresh certificates came on the market in the five auctions on the EEX. These achieved very fluctuating results, partly with 15 cent price difference from one day to the other. Overall, the average auction result, at around EUR 4.90, fell significantly short of the results of the past few weeks.

Despite this, the price of the European pollution rights remained surprisingly stable and closed only 3 cents weaker during the week’s comparison. Since, however, there are not many reasons at the moment of such a stable price level, the buyers mentality seems to be more medium-to-long-term and a price around the five-euro mark appears attractive enough to cover up further.

And then a short look at the weather – one enjoy it, the other is complaining, but the weather has never been cared for. The fact is that the WMO (the United Nations main body responsible for the interaction of meteorology with the earth’s atmosphere, the oceans and the climate) is currently warning about a global heat wave. The devastating forest fires in Portugal, heat records in Spain and a top value of 54 degrees Celsius in Pakistan are eloquent witnesses alone in June. The first five months of this year were, on average, the second warmest since the beginning of the records – warmer it was only 2016.

 

(Average Quotes Exchange / OTC)
Instrument	2017-06-23	2017-06-16	Change
EUA (Spotmarket)	4.86 EUR	4.89 EUR	-0.03 EUR
EUA (December-2017-Future)	4.87 EUR	4.90 EUR	-0.03 EUR
CER (Spotmarket)	0.21 EUR	0.21 EUR	+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)	45.64 USD	47.33 USD	-1.69 USD
EURO (Currency, Forex)	1.1194 USD	1.1198 USD	-0.0004 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