Emissions Trading / Carbon Market News (2018-08-06)

Dear Sir or Madam,

As every year in August, last Wednesday the CO2 market started with the period of halved auction volume. This month, however, there are two additional non-auction days on the 15th and on the 27th, what means the total amount of just 46,585,000 fresh allowances in August.

It seems that all the dealers were still working on the three trading days from Wednesday to Friday, because the first reduced auctions saw an extremely high demand.

A year ago, the market received a strong bullish impulse from the reduced auction volumes, pushing the carbon price above the six-euro mark. Also in the past week we could register a corresponding, significant price increase with a new top price of 17,85 EUR.

At the weekend, obviously a lot of traders now have go on vacation, which is clearly reflected in the moderate sales at today’s start of trading.


(Average Quotes Exchange / OTC)      
Instrument 2018-07-27 2018-08-03 Change
EUA (Spotmarket) 17.08 EUR 17.65 EUR +0.57 EUR
EUA (December-2018-Future) 17.12 EUR 17.68 EUR +0.56 EUR
CER (Spotmarket) 0.28 EUR 0.29 EUR +0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 74.87 USD 73.30 USD -1.47 USD
EURO (Currency, Forex) 1.1653 USD 1.1567 USD -0.0086 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