Emissions Trading / Carbon Market News (2017-06-26)

Dear Ladies and Gentlemen,

The already foreseeable further price decline on the oil market has pushed the price in the past week actually under the mark of 45 USD and thus to a seven-month low.

This alone would have been reason enough to pull the carbon price into the depths. In addition, a total of 22.1 million fresh certificates came on the market in the five auctions on the EEX. These achieved very fluctuating results, partly with 15 cent price difference from one day to the other. Overall, the average auction result, at around EUR 4.90, fell significantly short of the results of the past few weeks.

Despite this, the price of the European pollution rights remained surprisingly stable and closed only 3 cents weaker during the week’s comparison. Since, however, there are not many reasons at the moment of such a stable price level, the buyers mentality seems to be more medium-to-long-term and a price around the five-euro mark appears attractive enough to cover up further.

And then a short look at the weather – one enjoy it, the other is complaining, but the weather has never been cared for. The fact is that the WMO (the United Nations main body responsible for the interaction of meteorology with the earth’s atmosphere, the oceans and the climate) is currently warning about a global heat wave. The devastating forest fires in Portugal, heat records in Spain and a top value of 54 degrees Celsius in Pakistan are eloquent witnesses alone in June. The first five months of this year were, on average, the second warmest since the beginning of the records – warmer it was only 2016.


(Average Quotes Exchange / OTC)      
Instrument 2017-06-23 2017-06-16 Change
EUA (Spotmarket) 4.86 EUR 4.89 EUR -0.03 EUR
EUA (December-2017-Future) 4.87 EUR 4.90 EUR -0.03 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 45.64 USD 47.33 USD -1.69 USD
EURO (Currency, Forex) 1.1194 USD 1.1198 USD -0.0004 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