Carbon Weekly 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.

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

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