Emissions Trading – Carbon Market News (05/10/2020)

Dear Sir or Madam,

At the end of last week, the financial and commodity markets reacted nervously to the news that US President Trump had tested positive for the corona virus.

In addition, there are worrying numbers regarding the infection rate in many parts of the world, including Europe and the USA, where several New York neighborhoods are already threatened with another lockdown. In particular, this has caused the oil price to collapse again by 4.5% and drop it below the $ 40 mark.

The prices for European CO2 pollution rights also fell in the last week of trading and, after a cautious start to the week, were back below the EUR 26 mark on Friday. However, they recovered significantly over the course of the day to then close above EUR 27.00 and show a plus of 3.3% on a weekly basis compared to the previous week.

In the current trading week, a total of 20.8 million EUA will be auctioned on the Leipzig EEX on all five trading days. In addition, there are uncertainties regarding the state of health of the US President Donald Trump, which could mean high volatility for the financial and commodity markets as well as for the energy markets.

The EUA is currently showing an optimistic start to trading and, in terms of chart technology, the signs are rather bullish. In any case, an interesting week is ahead.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)26.15 EUR27.01 EUR+0.86 EUR
EUA (December-2020-Future)26.17 EUR27.03 EUR+0.86 EUR
CER (Spot-Market)0.30 EUR0.30 EUR+0.00 EUR
ICE Brent Crude Oil (Benchmark Future)41.84 USD39.14 USD-2.70 USD
EURO (Currency, Forex)1.1631 USD1.1714 USD+0.0083 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