Carbon Weekly Newsletter

This newsletter was published 3.6.2020 at 20:35pm CEST

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

EUA prices have moved up since last week, showing strength and stability inside a very narrow range in the last week. However, this week prices have started to trend higher and also formed a higher high since last week, which would be considered a signal for further strength this week. Technical outlook does not show any weakness in the short-term, but picture is different when looking strictly at the supply side. Auctions are now scheduled for every day until end of July, which is quite a contrast to many auction free days during May and April. This should have some negative impact on the market, but at the moment it is just too strong for the prices to stay at the lower part of the daily ranges for long. All the price dips quickly get bought and additionally auctions show a good amount of interest as well, with clearing prices very near the secondary market price. While prices have potential to turn lower in the coming weeks, the short-term upwards momentum appears too strong for that to happen just now.

German power prices are up by 0.50 EUR/MWh since last week, with the front year contract trading at 37.85 EUR/MWh. API2 coal prices have moved up by 1.90 USD/tonne since last week, with the Cal21 contract trading at 54.70 USD/tonne. EUR/USD is up by 250 points since last week and is currently trading at 1.1230.

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


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.

Copyright 2024 Belektron d.o.o. All rights reserved

Belektron | The value of your emissions