Free Trial

POWER: German EUA Auction Clears Lower For Second Session

POWER

The latest weekly German EUA CAP3 auction cleared at €70.07/ton CO2e, down from €70.73/ton CO2e in the previous auction according to EEX.

  • The cover ratio stood at 1.79 compared to 2.11 in the auction on 23 August and below the five-year average.
  • The mean price stood at €70.61/t CO2e from €71.01/t CO2e and the median price was at €69.99/t CO2e compared to €70.49/t CO2e.
  • There was a total of 23 bids from 21 bids in the auction prior.
  • The EU ETS Dec 24 is edging slightly higher today, supported by a recent rally in natural gas after Gassco showed a two-day extension to the Nyhamna and Kollsnes maintenance to 8 September.
  • EUA DEC 24 up 0.2% at 71.23 EUR/MT

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.