Free Trial

German EUA Auction Clears Lower

POWER

EMISSIONS – The latest weekly German EUA CAP3 auction cleared today at €68.41/ton CO2e, the lowest since the end of April and down from €69.90/MWh in the previous auction held on 7 June, according to EEX.

  • EUA DEC 24 down 1.1% at 69.92 EUR/MT.
  • The cover ratio fell for the second consecutive auction to 1.88, compared with 1.93 in the previous auction – only just above the ratio at the beginning on 3 May at 1.85.
  • Total volume amounted to 1.796mn tons CO2e, unchanged from the last auction.
  • The EU ETS Dec 24 contract has edged lower today, amid losses in European gas prices. Sluggish European industrial data and continue bearish sentiment from speculators have weighed on carbon allowances this week.

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.