Emissions Trading / Carbon Market News (2018-06-04)

Dear Sir or Madam,

One can tell US President Donald Trump a lot, but not that he does not implement his ideas of politics – even against increasing reservations from their own ranks. The extent to which import tariffs on steel and aluminium products from the EU will ultimately burden the European economy is still unclear. 25% on steel and 10% on aluminium will not be without effect. Although possible retaliatory duties on US products may be understandable, they would only further escalate the situation. The US is already isolating itself from its long-term partners with this kind of policy, and Europe now faces the task of building new alliances and consolidating alternative paths.

As expected, the market for European emission allowances did not react very bullishly to the punitive tariffs and visibly weakened on Thursday. However, a new seven-year high last Tuesday was priced at € 16.59 per EUA.


(Average Quotes Exchange / OTC)      
Instrument 2018-05-25 2018-06-01 Change
EUA (Spotmarket) 15.98 EUR 15.26 EUR -0.72 EUR
EUA (December-2018-Future) 16.00 EUR 15.29 EUR -0.71 EUR
CER (Spotmarket) 0.22 EUR 0.22 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 76.05 USD 76.55 USD +0.50 USD
EURO (Currency, Forex) 1.1649 USD 1.1657 USD +0.0008 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.)

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With kind regards,

Advantag Services GmbH