Emissions Trading / Carbon Market News (2017-04-24)

Dear Ladies and Gentlemen,

The stock markets reacted in a very relieved manner to the French presidential elections. For example, the German share index DAX started with a real jump of around 350 points and climbed already to a new all-time high.

From the viewpoint of the brokers, the worst scenario of a run-off between the two declared Europhobes Le Pen and Melenchon has been prevented by voters in France. The winner of yesterday’s election, the staunch supporter of the European Union, Emmanuel Macron, is seen now as the big favourite for the ballot in two weeks.

His final election victory on 7th May, of course, is not yet clear, but is already priced by the markets now. Thus, the European Community currency grew strongly against the US dollar, breaking even for a short time the mark of USD 1.09.

The CO2 market had also felt the uncertainty before the election. After the holidays, compliance purchases were initially still causing higher prices. On Wednesday, the course with its week high at EUR 4.98 just missed the five-euro mark. After that, however, only the bears dominated the market and pushed it down on the Friday afternoon to the yearly low of EUR 4.56.


(Average Quotes Exchange / OTC)      
Instrument 2017-04-21 2017-04-13 Change
EUA (Spotmarket) 4.59 EUR 4.94 EUR -0.35 EUR
EUA (December-2017-Future) 4.60 EUR 4.95 EUR -0.35 EUR
CER (Spotmarket) 0.25 EUR 0.25 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 51.93 USD 55.61 USD -3.68 USD
EURO (Currency, Forex) 1.0727 USD 1.0614 USD +0.0113 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.)

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With kind regards,


Advantag Services GmbH