Emissions Trading / Carbon Market News (2017-07-10)

Dear Ladies and Gentlemen,

The clear upward movement on the carbon market did not seem to lead to a sustainable change in trend at the beginning of last week. The price ranged from EUR 5.10 to EUR 5.20 clearly above the five-euro mark, but a weak auction result and a rather restrained trading on Thursday indicated a bearish market development. Then, however, a very strong auction on Friday surprised the market participants and then triggered a rally that pushed the price in the direction of 5.50 EUR. In today’s early trading, this mark could even be overcome in the short term and the market recorded a 4-month high with a peak at EUR 5.53.

The most violent rainfalls since the beginning of the weather records has haunted the southwest of Japan in recent days. Massive destruction caused by landslides and flooding has cost already 18 lives, many are still missing. At the same time devastating forest fires are raging in the US state of California. After some weeks ago the Governor had declared a five-year drought period to be finished, the temperatures rose locally above 40 degrees. It seems like a bad joke that Donald Trump is still stubbornly clings to his notice of resignation from the Paris climate protection agreement and thus provoked a 19-to-1 final declaration at the G20 summit.


(Average Quotes Exchange / OTC)      
Instrument 2017-07-07 2017-06-30 Change
EUA (Spotmarket) 5.33 EUR 5.02 EUR +0.31 EUR
EUA (December-2017-Future) 5.34 EUR 5.03 EUR +0.31 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 46.79 USD 48.88 USD -2.09 USD
EURO (Currency, Forex) 1.1402 USD 1.1443 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 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