Получавайте най-актуалните новини за случващото се на въглеродните пазари и се запишете сега за нашия безплатен седмичен бюлетин
This newsletter was published 23.9.2020 at 18:43pm CEST
The current prices on the European carbon market are as follows:
EUA prices are caught in an extended range between 26 and 30 EUR/EUA while volatility picks up. Today the quarterly option expiry took place which historically led to periods of increased volatility. This time was no different as we saw big moves unfold every day of this week so far. Even though ranges between daily highs and lows were already above normal, intraday movement was very erratic with market switching direction constantly in zig-zag moves. As we near the bottom of the trading range, possible future path now points to higher prices. Auction supply that will put 300 million EUA on the market in the last 4 months of the year has been well bid so far. We have not seen any extreme discounts and prices are still trading in the range that was established in July. That is signal of strength and until we see prices close below 26 EUR/EUA with conviction, we will see dips being bought and prices trend up, albeit coupled with high volatility.
German power prices are down 1 EUR/MWh since last week, with the front year contract trading at 41.00 EUR/MWh. API2 coal prices are up by 0.75 USD/tonne since last week, with the Cal21 contract trading at 59.50 USD/tonne. EUR/USD is down by 150 points since last week and is currently trading at 1.1680.
In accordance with relevant legislation this communication is provided for informational purposes only and is not considered an investment research, financial analysis or other form of general recommendation relating to transactions in financial instruments. It is not an offer or a solicitation of an offer to buy or to sell any instruments or to participate in any trading strategy.
It is the responsibility of each interested party to make their own enquiries that the information provided is appropriate to their individual circumstances in addition to any legal, regulatory, tax or other implications for themselves or their business. The information is solely for your internal use and may not be issued as the basis of any product or reproduced, redistributed or transmitted in whole or in part in any form or by any means, electronic or mechanical, including photocopying or by any information storage or retrieval system without the prior express written consent of Belektron.Oбратно