Krijg de laatse CO2 markt informatie via onze gratis wekelijkse nieuwsbrief
This newsletter was published 22.4.2020 at 9:24pm CEST
EUA market appears to be very resilient and buying pressure has been surprising. The current prices on the European carbon market are as follows:
EUAs have managed to recover losses from last week. The market appears very resilient and buying pressure has been surprising. As there are only 6 days until the compliance deadline to submit the allowances for verified emissions, majority of the companies have already completed their purchases for the year. The recent demand that we have seen must therefore be coming from other sources such as speculators. It is difficult to predict the direction of the next price move as market environment is changing so quickly and news can influence intraday direction. It would still be reasonable to predict that prices will start heading lower, only based from the auction supply and decreased demand from power producers who are generating much less in the current environment. On the other hand, market keeps making higher highs which is usually a sign of a bullish market, so signals are mixed, which will likely result in a range-bound trading. Free EUA allocation has almost been completed with countries handing out more than 95% of the planned allocation. The average is mostly skewed down by UK, which still has to allocate a quarter of the allowances, but most other countries are at or very near 100% completion
German power prices are up 1.20 EUR/MWh since last week, with the front year contract trading at 37.80 EUR/MWh. API2 coal prices have moved down by 0.50 USD/tonne since last week, with the Cal21 contract trading at 53.60 USD/tonne. EUR/USD is down 100 points and is currently trading at 1.0830.
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