Emissions Trading / Carbon Market News (2017-05-15)

Dear Ladies and Gentlemen,

The market for European pollution rights suffered last week under a bulging auction calendar, since on Wednesday the EEX received 4,857,000 EUA from Poland in addition to the auction. The interest in the fresh certificates was, however, very low. On Friday, Leipzig reported a cover ratio of only 1.43 – the lowest value so far this year.

In spite of all, the price on Friday rebounded at a low of EUR 4.29 and closed with 4.46 EUR significantly higher than expected. This week the regular auction of 4,269,500 EUA will take place at the London ICE, which means that only a little less certificates will be offered compared to the previous week. We will see whether there will be enough buying interest for this at all.

As the US science portal, Climate Central, recently reported, a CO2 content of more than 410 ppm was measured at the Mauna Loa measuring station in Hawaii for the first time in the history of data collection. According to scientists, there was such a high value last several million years ago. The measuring station in Hawaii is known for its stable measurement data. When the records were started there in 1958, the figure was only at 315.71 ppm – which was already significantly higher than the average 280 ppm in pre industrial time.


(Average Quotes Exchange / OTC)      
Instrument 2017-05-12 2017-05-05 Change
EUA (Spotmarket) 4.45 EUR 4.57 EUR -0.12 EUR
EUA (December-2017-Future) 4.46 EUR 4.58 EUR -0.12 EUR
CER (Spotmarket) 0.25 EUR 0.24 EUR +0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 50.80 USD 49.24 USD +1.56 USD
EURO (Currency, Forex) 1.0934 USD 1.0998 USD -0.0064 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