Dear Sir or Madam,
While Germany is arguing about bans on New Year’s Eve fireworks and a uniform speed limit, the US weather agency NOAA reported last week that 2019 was the second hottest year globally after the record year 2016 so far. The average temperature of the land and ocean areas of the earth was 0.94 degrees Celsius above the average of the 20th century. 2015, 2017, 2018, 2014, 2010 and 2013 also made it into the top ten of the hottest years.
The prices for European CO2 emission rights are currently stable during the auction break despite rising oil prices. In the second week of January, the auction volume also begins to be cautious; only 8,544,000 EUAs will be put up for auction. In the following week, the volumes increased significantly to 16,966,500 EUA and 810,500 EUAA (emission allowances for air traffic).
Overall, due to the lower free allocation on the Leipzig EEX, significantly more emission rights will come onto the market through the auctions in 2020. These are in particular 493,571,000 EUA from the EU member states, 131,266,000 EUA from Germany and 141,067,500 from Poland. Furthermore, 4,588,500 EUAA for the EU member states, 801,500 EUAA for Germany and 112,500 EUAA for Poland are to be auctioned in the coming year.
We do not want to miss to wish all readers of our newsletter a good start into the new year and a happy and healthy 2020!
| (Average Quotes Exchange / OTC) | |||
| Instrument | 20/12/2019 | 27/12/2019 | Change |
| EUA (Spotmarket) | 26.58 EUR | 26.54 EUR | -0.04 EUR |
| EUA (December-2019-Future) | 26.67 EUR | 26.70 EUR | +0.03 EUR |
| CER (Spotmarket) | 0.22 EUR | 0.26 EUR | +0.04 EUR |
| ICE Brent Crude Oil (Benchmark Future) | 65.13 USD | 68.12 USD | +2.99 USD |
| EURO (Currency, Forex) | 1.1078 USD | 1.1173 USD | +0.0095 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