Get the latest carbon markets info and subscribe now to our free weekly carbon newsletter
This newsletter was published 26.8.2020 at 17:32pm CEST
The current prices on the European carbon market are as follows:
Carbon price heavily bounced this week after trading in a tight range for the whole August. EUA December 2020 future contract is now trading at 28.50 EUR, up almost 3 EUR from end of last week. Rise was followed by a general strength in global equity markets and higher oil prices. Again, we are coming close to all-time record levels from July when EUA traded above 30 EUR. While carbon prices advance sharply each day, EUA primary auctions usually still clear below market. With increased auction supply coming with the start of next week EUAs will hardly advance with such pace seen in the last few days. EU ETS registry is still experiencing difficulties making it hard for market participants to transfer allowances between them. It is still not clear when the issues will be resolved.
Rest of the European energy markets were mostly up this week. German front year power contract is up sharply and currently trading at 41.60 EUR/MWh. API2 coal is down a bit to 54.50 USD per tonne, while UK natural gas rose to 25 GBP per therm. EURUSD trading at 1.1800.
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.Back