Emissions Trading / Carbon Market News (2017-08-28)

Dear Ladies and Gentlemen,

On 1 August, with the start of the annually recurring phase with halved EUA auction volumes, the price level for EUAs was at EUR 5.25. In today’s early trading, a few days before the end of this month, the market reached a peak of EUR 6.19, i.e. almost one euro more. This tremendous price increase is, of course, not based only on the reduced sales volumes, but was supported by a generally positive market environment and particularly by the strong energy sector. An exception, however, was the oil price, which otherwise often has been a benchmark for the carbon market. Although showing some strong volatility in August, it remained at an average price level of around 52.00 USD.
In any case, it can already be said that the market for European pollution rights has not seen a comparable strong August during the entire third trading period and therefore we can wait in suspense for the price developments in September.

In the public discussion on diesel problems, one result of the so-called Diesel Summit has so far received little attention, namely the establishment of four expert groups, which are to analyze individual areas of the problem in a quick timely sequence and to elaborate policy proposals. One such special theme is, for example, the sector of ??public vehicle fleets, which is very important for the environmental pollution in inner cities. It is obvious that buses and taxis, which are not only occasional in the city centers, produce a significant part of the emissions, and it is hoped that the planned timetable until the end of October will actually produce real results that may even show the way for other sectors.


(Average Quotes Exchange / OTC)      
Instrument 2017-08-25 2017-08-18 Change
EUA (Spotmarket) 6.08 EUR 5.81 EUR +0.27 EUR
EUA (December-2017-Future) 6.09 EUR 5.82 EUR +0.27 EUR
CER (Spotmarket) 0.20 EUR 0.21 EUR -0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 52.83 USD 52.83 USD -0.85 USD
EURO (Currency, Forex) 1.1931 USD 1.1761 USD +0.0170 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,


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