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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
EMISSIONS
EUA prices are likely to be supported by increased fossil-fuel generation in July, amid higher demand for cooling and seasonally lower nuclear, wind and hydropower output, despite anticipated higher solar PV output according to BNEF.
- Power demand is forecast to rise by 5% on the month in July, which is expected to lift power emissions by 14% on the month.
- Total EU emissions from the power sector rose by 5% in June month on month, while power sector emissions in the first six months of this year declined by 15% on the year.
- The average cover ratio in June EUA auctions was at 1.63, down by 2% on the month and 18% on the year.
- Front-year EUA volumes increased by 6% on the month in June and by 29.6% on the year to average 35.4mn.
- In June, open interest for the EUA June futures rose to a new record of around 70mn allowances, more than double on the year, largely due to the shift in the compliance deadline to 30 September, from 30 April previously.
- Open interest in the options market increased for call options at strike prices of €80/t, €90/t and €100/t and decreased for most put options compared with May.
- In terms of trading volumes in the options market, volumes for call options rose last month with aggregated option volume on call and put options increasing by 57% and 12%, respectively, to 22.9mn and 33.2mn allowances.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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