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<\/p>\nThis newsletter was published 22.1.2025 at 16:52pm CEST<\/p>\n
The current prices on the European carbon market are as follows:<\/p>\n
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The European energy market has been experiencing an extended uptrend, with prices reaching their highest levels since June last year. Rising power prices, coupled with resilient gas market, have further propelled the push in EUAs, which have now seen nine consecutive days of gains. While such streaks often lead to at least minor corrections, there still appears to be some interest from dip buyers. Yesterday, EUAs settled above 80 EUR for the December 2025 futures contract, despite facing selling pressure above this level. The bullish momentum has been supported by favourable market fundamentals, including a substantial net long position held by investment funds. These funds now hold over 42 million tonnes of long exposure, an increase of 13 million tonnes compared to the previous week. Notably, this is the largest net long position in nearly three years, surpassing last year\u2019s net short of 40 million tonnes, which was followed by a 50% rally from the lows. A correction to the downside seems probable at the moment, however specific factors, such as a shorter winter, abundant renewable power generation replacing coal and gas, or political interventions could trigger such event. Political developments, like the decision by the U.S. President Trump to withdraw the United States from the Paris Agreement, could also influence market sentiment, particularly in the carbon markets. Recent auctions have shown a slight discount compared to the secondary market, with average cover ratios. While EUAs may maintain their current levels, they could become more vulnerable to downward pressure if late buyers start unwinding their long positions aggressively.<\/p>\n
German power prices are down by 0.30 EUR since last week, with the front-year contract trading at 93.20 EUR\/MWh. API2 coal prices are up by 7.50 USD since last week, with the Cal-26 contract trading at 117.75 USD\/tonne. Front-year gas prices are up by 0.015 EUR since last week, with the TTF Cal-26 trading at 39.165 EUR\/MWh. EUR\/USD is up 120 points since last week and is currently trading at 1.0420.<\/p>\n
Price development of EUA Dec2025 futures contract<\/strong><\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" This newsletter was published 22.1.2025 at 16:52pm CEST The current prices on the European carbon market are as follows: The European energy market has been experiencing an extended uptrend, with<\/p>\n","protected":false},"author":5,"featured_media":6943,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3,28],"tags":[],"class_list":["post-40972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-predpisi","category-vse-novice"],"acf":[],"yoast_head":"\n![\"\"](\"https:\/\/belektron.eu\/wp-content\/uploads\/2025\/01\/Tecaj-EUAfuturesDec25-2025-01-22.png\")
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