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German EUA Spot Permit Price at Lowest Since Mid-May

EMISSIONS

The latest weekly German EUA CAP3 auction cleared today at €69.90/ton CO2e, the lowest since mid-May and down from €74.49/MWh in the previous auction held on 31 May according to EEX.

    • EUA DEC 24 down 0.7% at 71.63 EUR/MT
  • The cover ratio fell to 1.93, compared with 2.19 in the previous auction – which was the highest so far this year.
  • 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 bearish sentiment from speculators have weighed on carbon allowances this week.

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