Emissions Trading / Carbon Market News (2018-02-19)

Dear Sir or Madam,

In November 2011, the European emission allowances were the last to show a double-digit number before the decimal point, despite the expectations of the majority of analysts who saw significantly lower average prices for the first half of 2018.

Last Wednesday, the EUA briefly climbed above the mark of 10 euros, but then gave back slightly more than 40 cents and closed at 9.60 euros in December Future. The spot market also demanded more than 10 euros for an emission allowance.

Supported by a stronger energy complex, the EUA closed on a weekly basis with a plus of 29 cents, which was about the gain of the week before.

An end to the Central and Eastern European cold period is not in sight, despite the upcoming meteorological start of spring in the coming week, which could also influence the prices this week.

If this is enough to bring the prices again above the 10-euro mark, will be seen. Currently, however, the old stock market rule proves once again that the bull market is nourishing the bull market. Signs of a downturn in the emission rights, at least technically is not recognizable at the moment.

However, the demand for the auctions this week and the further development of the energy market could trigger a trend reversal at any time.


(Average Quotes Exchange / OTC)
Instrument 2018-02-16 2018-02-09 Change
EUA (Spotmarket) 9.50 EUR 9.21 EUR +0.29 EUR
EUA (December-2018-Future) 9.52 EUR 9.23 EUR +0.29 EUR
CER (Spotmarket) 0.18 EUR 0.17 EUR +0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 64.58 USD 62.83 USD +1.75 USD
EURO (Currency, Forex) 1.2404 USD 1.2251 USD +0.0153 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