Dear Sir or Madam,
Since the beginning of November 2018, there has not been an auction for emission rights from German contingent at EEX, as the EU first had to confirm EEX as a platform for the auctioning of German certificates. As a result, 21,807,000 EUA less came on the market in the past year, which will now also be auctioned in the new year. At the end of last week, the Leipzig EEX was able to announce the current auction data for 2019.
Overall, Germany will auction on the EEX between 01.02.2019 and 13.12.2019 now 156,028,500 EUA. Regularly, 3,209,000 EUA from German contingents come weekly until July, taking into account the reduction of the Market Stability Reserve (MSR) for the weekly auction. The volume is halved in August and from September to mid-December the auction volume is 4,732,500 EUA.
As this was expected by most of the market participants, there was no particular reaction from the EUA course. In the past trading week, prices ranged between 21.18 and 23.26 euros per EUA; The weekly closing price was slightly lower than in the previous week and was at 22.59 Euro on the spot market, which was only one cent away from the December 2019 futures market contract.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 2019-01-04 | 2019-01-11 | Change |
| EUA (Spotmarket) | 23.49 EUR | 22.59 EUR | -0.90 EUR |
| EUA (December-2019-Future) | 23.73 EUR | 22.60 EUR | -1.13 EUR |
| CER (Spotmarket) | 0.24 EUR | 0.24 EUR | +0.00 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 57.07 USD | 60.40 USD | +3.53 USD |
| EURO (Currency, Forex) | 1.1395 USD | 1.1466 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 has 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. This 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