Carbon Weekly Newsletter

This newsletter was published 13.5.2020 at 17:59pm CEST

The current prices on the European carbon market are as follows:

EUA prices have continued to trend down since last week. Volatility and volume have also followed the declining trend from recent weeks. High to low range since last week has covered around 1.5 EUR/EUA, while these kinds of ranges were usually covered within a day during April. This shows that market is happy to trade at these levels and it has been sticking close to the current price since the beginning of May. However, auctions have seen quite weak interest at the lower part of the multi week range, which could signal that buyers are not that keen to step in aggressively yet. Nevertheless, the upcoming supply reduction might have some positive impact on the market in the coming weeks. In the next three weeks there will be 4 days of no auctions. This might have just enough impact to shift the prices back up to the upper part of the 18.50-21 EUR/EUA trading channel.

German power prices are down 0.70 EUR/MWh since last week, with the front year contract trading at 35.40 EUR/MWh. API2 coal prices have moved down by 0.20 USD/tonne since last week, with the Cal21 contract trading at 52.70 USD/tonne. EUR/USD is almost unchanged since last week and is currently trading at 1.0840.

Price development of EUA Dec2020 futures contract
Yours sincerely,
Jan Kresnik 
Carbon Trader

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