Emissions Trading / Carbon Market News (2017-09-04)

Dear Ladies and Gentlemen,

At the beginning of last week, the price of European pollution rights reached a half-year high of EUR 6.20, but then had to accept slight corrections day by day during the week. The traders thus anticipated the fact that from Friday onwards the full auction quantities came into the market. As a result, the carbon market closed considerably below the six-euro mark at EUR 5.83. The price on Friday fell even below the result of the auction of the morning, at which 5.88 EUR were signed. Twenty of the 23 bidders were able to take the 4.473.000 fresh certificates home, so there was no further pressure on the spot market from this side. In today’s early trading, the price tends slightly higher than the settlement price on Friday.

Today, the German chancellor is meeting with representatives of many municipalities threatened with driving bans for diesel cars. For the life and business location of Germany such prohibitions would be a more than serious setback. In this respect, the argument of the car makers is absolutely incomprehensible, according to which the measures adopted at the Diesel Summit would bring as many improvements for inner cities as driving bans. This is an attitude that only the car industry is able to have!


(Average Quotes Exchange / OTC)      
Instrument 2017-09-01 2017-08-25 Change
EUA (Spotmarket) 5.82 EUR 6.08 EUR -0.26 EUR
EUA (December-2017-Future) 5.83 EUR 6.09 EUR -0.26 EUR
CER (Spotmarket) 0.20 EUR 0.20 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 52.73 USD 51.98 USD +0.75 USD
EURO (Currency, Forex) 1.1860 USD 1.1931 USD -0.0071 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