Emissions Trading / Carbon Market News (2017-05-08)

Dear Ladies and Gentlemen,

Trading in the CO2 market started with stronger pressure on the sales side in the past week. This negative trend continued in the following days and ended on Thursday in a 6-month low of 4.30 EUR. However, the market seems to have found its ground for moment, as the price subsequently rose again. On Friday, the course reached a peak of EUR 4.70, but had to accept then a correction because of profit taking.
At the same time, the oil price last week as well saw strong cuts to just over USD 47.00, but was also able to recover a little at the end of the week.
For a long time, biologists in general and environmentalists in particular bewailed a dramatic decline in insect populations, especially in areas with intensive agricultural use. The German Government has now responded to a request from the Greens, stating that the number of birds in Europe has also declined dramatically. For example, the number of breeding pairs in these areas in Europe has shrunk by 300 million pairs in the last 30 years, which corresponds to a drop of 57 percent. This immense decline is closely related to insect death. According to the Federal Government, the number of some species of insects had decreased by up to 90 percent, with the use of herbicides and insecticides being a “relevant factor of influence”.


(Average Quotes Exchange / OTC)      
Instrument 2017-05-05 2017-04-28 Change
EUA (Spotmarket) 4.57 EUR 4.56 EUR +0.01 EUR
EUA (December-2017-Future) 4.58 EUR 4.57 EUR +0.01 EUR
CER (Spotmarket) 0.24 EUR 0.24 EUR +0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 49.24 USD 51.84 USD -2.60 USD
EURO (Currency, Forex) 1.0998 USD 1.0896 USD +0.0102 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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