Emissions Trading / Carbon Market News (2019-04-23)

Dear Sir or Madam,

Even during the third week of April, the carbon market remained unchanged in the hands of the bulls. This is traditionally the case, since for all companies included in the ETS the deadline for the compliance to surrender allowances ends. However, the price level of European pollution rights this year is spectacular. Since the beginning of the month, the market has gained up to six euros and has been relatively stable for two weeks within a price range between 26 and 28 euros.

However, already at the premature weekly close last Thursday, a number of traders took their profits in view of the upcoming holiday period, pushing the price down by just one euro compared to the peak at EUR 27.85. Against this background and with a comparatively full auction calendar, the price is likely to consolidate further this week.

(Average Quotes Exchange / OTC)      
Instrument 2019-04-12 2019-04-19 Change
EUA (Spotmarket) 26.49 EUR 26.81 EUR +0.32 EUR
EUA (December-2019-Future) 26.58 EUR 26.89 EUR +0.31 EUR
CER (Spotmarket) 0.24 EUR 0.25 EUR +0.01 EUR
ICE Brent Crude Oil (Benchmark Future) 71.79 USD 71.98 USD +0.19 USD
EURO (Currency, Forex) 1.1298 USD 1.1259 USD -0.0039 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