Carbon Weekly Newsletter

This newsletter was published 8.7.2020 at 16:43pm CEST

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

EUA prices almost touched 30 EUR/EUA in a spectacular move up where prices closed green for 6 days in a row and gained over 20%. 30 EUR/EUA was an important level last year as it marked the top of the yearly range. There is no way to gauge how much further can the prices rises once we breach this important level. One thing is certain though, the liquidity above this level will be much worse than it is right now because uncharted territory always needs some time to find the equilibrium price. Although we have backed down from the highs momentarily, it is too early to call for a reversal down. Other markets are still strong and small corrections in an uptrend can last for 2-3 days before the original direction prevails again. European Parliament has proposed an amendment to EU ETS which would include shipping sector. The details of the definition are not known yet but even if this is confirmed it will take years before it is actually implemented.

German power prices are up 1.10 EUR/MWh since last week, with the front year contract trading at 42.80 EUR/MWh. API2 coal prices are up 1.20 USD/tonne since last week, with the Cal21 contract trading at 58.40 USD/tonne. EUR/USD is up 50 points since last week and is currently trading at 1.1320.

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