Emissions trading / Carbon Market News (23/11/2020)

Dear Sir or Madam,

In the past week of trading, the news mostly triggered bullish price signals. On the one hand, there was further positive news regarding further vaccines that are about to be approved, on the other hand, the news that the UK and the EU are still moving towards a Brexit agreement spread optimism.

In addition, the EU announced that the first auctions of the new year 2021 and thus the new fourth trading period will probably be delayed by four weeks, the prices will also rise.

In the new trading week, only 14.4 million EUA will be auctioned on four trading days on the Leipzig EEX, followed by 20.8 million EUA in the next week.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)26.36 EUR26.74 EUR+0.38 EUR
EUA (December-2020-Future)26.38 EUR26.74 EUR+0.36 EUR
CER (Spot-Market)0.29 EUR0.31 EUR+0.02 EUR
ICE Brent Crude Oil (Benchmark Future)42.70 USD45.04 USD+2.34 USD
EURO (Currency, Forex)1.1834 USD1.1854 USD+0.0020 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.

With kind regards,

Advantag Services GmbH