ICAP Green Day
Sideways for Carbon in Europe...
A good auction result over night provided some price support and moved the market up a little. DEC15 EUAs were up €0.09 to €3.72 or A$ 5.31 and CERs managed a small rise.
STCs crept just over $37.00. More ACCUs arrived and traded around 22.77 with a market left 22.75/22.83. VEEC and ESC markets also saw action.
For details and firm prices contact the Energy Desk on +612 9777 0841
Tough night for European Carbon
DEC 15 EUAs fell €0.24 last night to €3.63 or A$5.17. Fresh supply come on with no further prospect for a speedy fix to the market structure or backloading issues.
The mood would not have been helped with the news that Deutsche Bank is trying to sell its once valuable carbon offset portfolio. London based ICE Futures announced they will re launch their spot CER contract May 27th.
Spot STCs hung around A$ 37.00, LRECs were still soft. VEEC and ESC markets were steady and more ACCUs came to market trading around 22.77.
For details and firm prices contact the Energy Desk on +612 9777 0841
No mans land for European Carbon....
European carbon has drifted over the last two days with no direction on the potential for market intervention. Any clue may be some time away so carbon drift will continue.
DEC 15 EUAs closed last night down €0.05 to €3.87 at A$ 5.47. CERs were flat.
STCs held up at around $37.00. They will find it difficult to push much higher because of Cap and Supply issues. VEECs and ESCs were "Up and about" and there was plenty going on with ACCU and ACUs.
For firm Prices and details contact the Energy Desk on +612 9777 0841
Mixed feelings for European Carbon
European carbon finished mixed on Friday with DEC 15 EUAs down €0.15 to €3.86 or A$ 5.46. STCs were flat again. The market will continue like this until the backloading/ market structure and support is resolved.
STCs pushed up on light trading. ESCs and VEECs were quiet while more trades emerged in ACCUs.
For details and firm prices contact the Energy Desk on +612 9777 0841
Carbon ground hog day.....
Trading was thin again last night but the market did manage a rally to reach a four day high. Permit prices seem to have made a technical mark in the sand at these levels and are just waiting for clarity on backloading.
STCs pushed up to $37.00 and LRECs were steady. VEECS and ESCs were still active while the fun continued with ACCUs and ACUs.
For details and firm prices contact the Energy Desk on +612 9777 0841
No new supply, up goes European carbon prices...
European carbon prices rose for the second straight day on light turnover as no new auction supply came to market. The market continues to hold up surprisingly well as speculation continues on the various prospects of supporting permit prices.
DEC 15 EUAs rose €0.13 to €3.96. CERs were steady
Spot STCs hung below $37.00 with good interest in the forwards. VEECs and ESCs had a busy days and even the LRECs got into the act with some lumpy options. Spot ACCUs added a bit of spark with more supply coming to market prices middling around $22.76
For details and firm prices contact the Energy Desk on +612 9777 0841
The European Carbon rollercoaster continues...
European Carbon rallied last night with no new auction supply coming to market but trading was very light. DEC 15 EUAs finished up €0.27 to €3.83 or A$5.37. Backloading is the big issue, lets see what happens next week.
STCs softened in good trading as did LRECs. Plenty to see in energy efficiency markets and more supply is around in the ACCUs & ACUs
For details and firm prices contact the Energy Desk on +612 9777 0841
European Carbon looking shaky
European Carbon markets drifted lower last night as more auction volume came to market and cleared below the prevailing price. The market is becoming bearish again and all eyes are on the Commission meeting next week to consider backloading once again. The burning question continues to be what will Germany do?
STCs stuck just below $37.00 with good supplies coming out in the forwards. LRECS looked offered, VEECs and ESCs were steady and there was plenty of fun in ACCUs and ACUs.
For details and firm prices contact the Energy Desk on +612 9777 0841
European carbon finishes down on the week...
European Carbon markets finished down last week with further uncertainty over backloading. Weekly turnover was only 82 million EUAs (including auctions), well down on the average 175 million. DEC15 EUAs closed @ €3.67 or A$5.11 but CERs managed a rise to €0.51.
STCs retreated below 37.00 and will find it hard to push too much higher as we approach the cap price with a good supply in the Clearing house. LRECs were down in line with cash markets while VEECs and ESCs were steady. Interest in ACCUs and ACUs continues.
For details and firm prices please contact the Energy Desk on +612 9777 0841
European auction slowdown, prices up
Permit prices in the EU ETS rose last night as the supply of new certificates via auctions slowed. The fun is not over as it will be some time before we have a resolution on the question of backloading. DEC 15 EUAs finished up €0.30 to €4.11 while CERs were steady.
LRECs found some support across the curve while STCs hovered around 36.35 with good interest in the forwards. ESCs moved around the 22.00/23.00 mark and VEECs played in the 17 teens.
For details and firm prices contact the Energy Desk on +612 9777 0841
Carbon settles down
Carbon permits in the EU ETS finished down last night as auction supply and profit taking took their toll. DEC 15 EUAs finished down €0.27 to €3.81 or A$5.29.
Spot LRECs found some support and STCs pushed higher but will start to falter as they approach the $40 Cap and supply continues to come to market..
ESCs, VEECs and ACCUs were steady.
For details and firm prices contact the Energy Desk on +612 9777 0841
European Carbon Marks time...
The EU ETS market fell back a little last night with DEC 15 EUAs down €0.15 to €4.08 or A$ 5.60 while CERS did move a few cents up. The discussions on backloading have a long way to go and it could be some time before we have clarity.
Trading in domestic markets was steady. STCs up and a good range of activity across ESCs & VEECs. Delayed daily prices are on our web under "Prices"
For details and firm prices contact the Energy Desk on +612 9777 0841
Up we go again...
European carbon markets continued their rally as Germany reaffirmed support for backloading in the EU ETS. "If Germany backs the plan then it will happen" was the comment from one trader. DEC 15 EUAs finished up €0.14 to €4.23 or A$ 5.81.
On domestic markets STCs pushed higher in spot and the forwards but LRECs were well offered. Trading in VEECs and ESCs was steady as were ACCUs
For details and firm prices contact the Energy Desk on +612 9777 0841
Merkel supports backloading...
German Chancellor Angela Merkel has expressed support for the EU ETS in efforts to prop up permit prices.
Participants said Merkel's comments meant it was likely that neither MEPs in the EU Parliament or ministers in the EU Council would move to reject the EU Commission's backloading proposal. The plan calls for a 15% reduction of supply over the next three years that amounts to some 900 million permits.
DEC 15 EUA rose €0.73 to €4.09 or A$5.61. CERs also rose but the focus was on EUAS.
ACCUs are being pushed around on the domestic market as we approach compliance while STCs pushed higher. GECs went quiet but VEECs and ESCs saw good action.
For details and firm Prices contact the Energy Desk on +612 9777 0841
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So now they need a floor price for Euro carbon...
British law makers have decided the EU ETS needs to have a floor price to support prices and the market - (haven't we been this way already?).
Permit prices were up last night with DEC 15 EUAs closing €0.18 higher at €3.36 or A$4.60. More auction volume came to market and prices held up well.
Domestic markets were steady with trading levels pretty much unchanged. GECs and VEECs lead the way with building interest in ACCUs
For details and firm prices contact the Energy Desk o +612 9777 0841