Emissions Trading / Carbon Market News (2018-07-23)

Dear Sir or Madam,

Central Europe currently forms a heat core, which places usual weather conditions in the unfortunately rarely existing shade. For this purpose, the forest fires in Sweden serve as a definite signal. The fires rage even north of the Arctic Circle, where at 34.5 degrees an “eternal” heat record was struck.

With no prospect of a refreshing rain shower, temperatures of up to 36 degrees Celsius are expected for days throughout this week. The forecasts even in the Alps and on the coasts see the 30 degree mark being exceeded. Even the nights are expected to be “tropical”, meaning that it will not cool below 20 degrees; and since it is nearly windless at the same time in many places, it actually becomes necessary to speak again about dangerously high ozone levels in the air.

Not less superlatives we faced in the past trading week on the market for emission rights. Despite a massive bid in the five auctions and regardless of falling oil prices, the price of EUAs climbed to a high of EUR 17.24 in the December contract. From now on, chart analysts will probably have to look back more often back to the start of emissions trading in 2008 in order to find comparable values ??for possible price developments.


(Average Quotes Exchange / OTC)      
Instrument 2018-07-13 2018-07-20 Change
EUA (Spotmarket) 16.02 EUR 17.04 EUR +1.02 EUR
EUA (December-2018-Future) 16.06 EUR 17.07 EUR +1.01 EUR
CER (Spotmarket) 0.25 EUR 0.33 EUR +0.08 EUR
ICE Brent Crude Oil (Benchmark Future) 74.97 USD 72.99 USD -1.98 USD
EURO (Currency, Forex) 1.1683 USD 1.1725 USD +0.0042 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