Emissions Tradingt / Carbon Market News (21/10/2019)

Dear Sir or Madam,

Brexit remains the topic on the financial markets and thus also on the courses for European CO2 certificates. The British Parliament forced Boris Johnson on Saturday to ask the EU for a Brexit extension. The EU immediately reached two letters – one requesting an extension of the deadline, which Johnson did not personally sign, and a second, expressing his displeasure at extending the deadline, which included his signature.

The EU will now decide on a deferral until 31.01.2020 by the end of the month. However, the topic will be an important topic at the beginning of the week at the European Parliament. The chances of further British voting on remaining in the EU have also increased, but a decision by the EU to extend the deadline has to be taken. Tens of thousands of British marched at the weekend from London Hyde Park to Parliament and also demanded a referendum again.

Last week’s development in London was viewed positively in the market for CO2 emission rights, and prices for EUA started this morning with more than one percent growth. It remains to be expected that news on political decisions in Brussels and London will continue to influence prices over the coming days.

This week, a total of 15,782,500 EUA will be auctioned on the Leipzig EEX on all five trading days.

  (Average Quotes Exchange / OTC)      
Instrument 11/10/2019 18/10/2019 Change
EUA (Spotmarket) 24.40 EUR 25.87 EUR +1.47 EUR
EUA (December-2019-Future) 24.44 EUR 25.88 EUR +1.44 EUR
CER (Spotmarket) 0.21 EUR 0.21 EUR +0.00 EUR
ICE Brent Crude Oil (Benchmark Future) 60.60 USD 59.29 USD -1.31 USD
EURO (Currency, Forex) 1.1043 USD 1.1169 USD +0.0126 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