Emissions Trading / Carbon Market News (15/03/2021)

Dear Sir or Madam,

The past week of trading was marked by the gigantic US aid program, which provided the already optimistic financial markets with further tailwind. US President Joe Biden plans to distribute US $ 1.9 trillion to get the US economy back on track for growth.

The Dow Jones then rose sharply, which was a new all-time high of 32,793 points on Friday. The DAX also hit a new all-time high of 14,595 points last week.

This optimism also prevailed for CO2 emission rights in European emissions trading, which also reached a new all-time high last Friday at EUR 42.90 per EUA.

At the start of trading today, this was topped again at EUR 42.92 in the December future, but the price fell a little in early trading.

This week, 15,091,500 EUAs will be auctioned again on all five trading days from the EU, Poland and Germany and on Wednesday an additional 614,500 EUAA of the fourth trading period for the first time.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)38.98 EUR42.79 EUR+3.81 EUR
EUA (December-2021-Future)39.02 EUR42,85 EUR+3.83 EUR
CER (Spot-Market)0.37 EUR0.39 EUR+0.02 EUR
ICE Brent Crude Oil (Benchmark Future)69.56 USD69.21 USD-0.35 USD
EURO (Currency, Forex)1.1911 USD1.1952 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 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