Dear Sir or Madam,
Also on the
last day of 2018 we would like to take a brief look at the trading activity on
the carbon market. Usually, the annual winter break at the auctions is used by
many market participants for a holiday and so it comes only to very low trading
volume. Nevertheless, there was a wide price range between EUR 24.20 and EUR 25.50.
Another look is dedicated to the auction calendar of the EEX, which, however,
is currently still incomplete. For example, the first auctions will start on
Monday, January 7, 2019, but the numbers and dates for auctions of German
certificates are still missing, as are those of the EFTA states Iceland,
Liechtenstein and Norway, which are participating in the ETS for the first
time. Poland has already reached an agreement on its national auctions. As
already announced, nearly 118 million EUAs will be auctioned by our eastern
neighbors in the coming year, what means around 39 million allowances more than
in 2018.
Today’s date is worth mentioning the fact that two percent of the total
particulate matter pollution of the coming year will be generated in the first
few minutes from midnight. So strong is the degree of air pollution from the
New Year’s Eve fireworks. Against this background, the community Kreuth in
Oberbayern has attracted attention with an exemplary action. Kreuth is a health
resort and lies on the southern shore of the famous Tegernsee. It sounds
understandable that this year the council has unanimously decided to call
residents and guests to a voluntary renunciation of a blazing fireworks.
Instead, the community hosts a dazzling celebration with no bang effects. At
midnight there is a laser show. “With a fireworks renunciation you help to
reduce the particulate matter in our place and do at the same time something
good for the animals in our community, that are scared by the noise of the New
Year’s Eve rockets,” writes the mayor in a community letter and recommends
immediately to donate the money saved by giving up bangers to a reasonable
cause.
| (Average Quotes Exchange / OTC) | |||
| Instrument | 2018-12-21 | 2018-12-28 | Change |
| EUA (Spotmarket) | 24.88 EUR | 24.95 EUR | +0.07 EUR |
| EUA (December-2019-Future) | 24.92 EUR | 24.98 EUR | +0.06 EUR |
| CER (Spotmarket) | 0.24 EUR | 0.25 EUR | +0.01 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 55.05 USD | 53.54 USD | -1.51 USD |
| EURO (Currency, Forex) | 1.1373 USD | 1.1440 USD | +0.0067 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