MNI BRIEF: China's Retail Sales Quicken To 4-Month High

MNI: China CFETS Yuan Index Down 0.24% In Week of Mar 17

MNI: PBOC Net Drains CNY2.5 Bln via OMO Monday

CHINA JAN-FEB INDUSTRIAL OUTPUT +5.9% Y/Y VS MEDIAN +5.3% Y/Y: NBS

MNI China Press Digest Mar 17: Consumption, Homes, Investment

MNI: PBOC Sets Yuan Parity Lower At 7.1688 Mon; -0.41% Y/Y

BAKER HUGHES CANADA RIG COUNT 199; OIL RIGS 139; GAS RIGS 60

MNI: BAKER HUGHES US RIG COUNT 592; OIL RIGS 487; GAS RIGS 100

EZ/UK T-Bill Calendar: DE, NL and FR Due Monday

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EMISSIONS: EUAs Rise On Colder Weather, UKAs Dip On Selloff

EMISSIONS
CEEMEAEnergy BulletsBulletPower BulletsUKCommodities

EUA Dec25 is rising on a downward revision of temperature forecasts for the month ahead and has been tracking TTF rally. UKAs are pulling back on selloff despite no bearish changes in fundamentals. 

  • EUA DEC 25 up 1.8% at 72.31 EUR/t CO2e
  • UKA DEC 25 down 3.4% at 41.4 GBP/t CO2e
  • TTF Gas APR 25 up 3% at 45.645 EUR/MWh
  • NBP Gas APR 25 up 3.3% at 108.3 GBp/therm
  • UKAs selloff potentially came from rising new short positions or profit-taking on existing long positions. Prior to the dip today, UKA Dec25 gained 5% last week and open interest hit the highest level since Dec24 expiry on 24 Feb.
  • TTF prices continue to trade up on the day – albeit giving back some gains from the morning – as the market assesses EU storage supply risks and potential Ukrainian peace talks. A renewed Ukrainian drone strike attempt at the Turkstream pipeline on Saturday adds upward pressure.
  • The EU opened a consultation on the Omnibus simplification package until 26 March, following the release of Clean Industrial Deal last week.
  • The latest EU ETS CAP3 auction cleared at €70.31/ton CO2e, up 0.50% compared with the previous EU auction at €69.96/ton CO2e according to EEX.
  • Orlen and Equinor have signed a MoU for the cooperation on CCS projects in Poland, the firm said, cited by Bloomberg.
  • Wells Fargo is dropping its 2050 net-zero emissions target and its 2030 interim target, as the conditions necessary to facilitate their clients' transitions have not occurred, the bank said.
243 words

To read the full story

Close

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.

EUA Dec25 is rising on a downward revision of temperature forecasts for the month ahead and has been tracking TTF rally. UKAs are pulling back on selloff despite no bearish changes in fundamentals. 

  • EUA DEC 25 up 1.8% at 72.31 EUR/t CO2e
  • UKA DEC 25 down 3.4% at 41.4 GBP/t CO2e
  • TTF Gas APR 25 up 3% at 45.645 EUR/MWh
  • NBP Gas APR 25 up 3.3% at 108.3 GBp/therm
  • UKAs selloff potentially came from rising new short positions or profit-taking on existing long positions. Prior to the dip today, UKA Dec25 gained 5% last week and open interest hit the highest level since Dec24 expiry on 24 Feb.
  • TTF prices continue to trade up on the day – albeit giving back some gains from the morning – as the market assesses EU storage supply risks and potential Ukrainian peace talks. A renewed Ukrainian drone strike attempt at the Turkstream pipeline on Saturday adds upward pressure.
  • The EU opened a consultation on the Omnibus simplification package until 26 March, following the release of Clean Industrial Deal last week.
  • The latest EU ETS CAP3 auction cleared at €70.31/ton CO2e, up 0.50% compared with the previous EU auction at €69.96/ton CO2e according to EEX.
  • Orlen and Equinor have signed a MoU for the cooperation on CCS projects in Poland, the firm said, cited by Bloomberg.
  • Wells Fargo is dropping its 2050 net-zero emissions target and its 2030 interim target, as the conditions necessary to facilitate their clients' transitions have not occurred, the bank said.