Free Trial

POWER: EU ETS Price Eyes €70/t CO2e Range Next Week

POWER

European EU ETS price could range around €70/t CO2e level next week amid a subsequent rise in auction supply from September, market participants said, cited by Montel.

  • EEX will auction nearly 3.3m allowances via CAP3 over 2-12 December, about 0.2m more per auction than earlier this year.
  • “With daily auction volumes increasing, I expect the benchmark European emissions contract to test the downside next week,” market analysis at Pact Capital Bernadett Papp said.

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.