greenmarket NEWSLETTER SUBSCRIPTION
Press Releases
Newsletter 20/2012
THREAT OF EURO ZONE MELTDOWN WEAKENS ENERGY AND EMISSIONS MARKETS: Emissions advanced last week by 2.1%, closing the week higher by €0.14 at €6.84. Prices of EUAs dec12 listed on ICE ECX strengthened amid lower volumes despite bearish macroeconomic sentiment in the markets. With anti-austerity parties winning ballots in France and Greece and with weakening energy commodities, emissions found support in expectations of regulatory intervention as political support among the EU politicians and the EC representatives is mounting. Our outlook for the following week is negative as ongoing worries...more
greenmarket Newsletter 20/2012 (847 kB)Newsletter 19/2012
FALLING OIL PRICES AND GLOOOMY ECONOMIC OUTLOOK WEAKENED EMISSIONS: Emissions declined by almost 9% last week, hitting a three week low, as major emissions contracts for delivery in December 2012 ended the week on ICE ECX at €6.70, down from previous week closing price at €7.36. Prices reacted to downward pressures from the energy markets, when German power fell below €50 MWh and Brent crude negatively responded to the series of bearish macroeconomic indicators, pointing to the uncertain economic outlook for the US and the EU economies. With mounting pressure from the financial markets, which...more
greenmarket Newsletter 19/2012 (0.9 MB)Newsletter 18/2012
MARKETS AWAIT MORE DETAILS ON REGULATORY INTERVENTION: Emissions closed last week 1.1% lower than the week before, falling from the April 20 close at €7.44 to €7.36 on Friday, April 27. Front year EUAs contracts weakened on ICE ECX amid low volumes, following bearish trends in the European energy markets from the beginning of the week as a result of warmer weather and bumper supply of renewable energy. Moreover, negative macro-economic news and regulatory uncertainty related to the limited details on regulatory intervention to prop up prices kept prices relatively stable. Markets are...more
greenmarket Newsletter 18/2012 (869 kB)Newsletter 17/2012
EMISSIONS GAINED 1.5% ON SET-ASIDE EXPECTATION: European emissions advanced during the last week by 2.6%, rising from previous week close €7.25 to Friday’s close of €7.44. Even though the beginning of the week was primarily driven by weak European energy markets and by growing fears about the Eurozone debt crisis, by the end of the week dec12 EUAs increased in reaction to informal lunch meeting of ministers for the environment on EU ETS.more
greenmarket Newsletter 17/2012 (1.1 MB)Newsletter 16/2012
EMISSIONS RETURNED ABOVE €7: Emissions advanced last week by 5.3%, rising from the week’s opening €6.86 on Tuesday to Friday’s close at €7.25. After hitting record low at €5.99 two weeks ago, the market gradually recovered and prices returned above €7 in five consecutive trading sessions. This steady rise was driven by positive signals from the energy markets, especially by gas and by the expectations that the EU would move fast ahead with the set-aside, as series of meetings scheduled between April 11 and May 8 are discussing the major energy efficiency bill, which also includes an...more
greenmarket Newsletter 16/2012 (0.9 MB)Newsletter 15/2012
EMISSIONS RECOVERED FROM HISTORIC LOWS €5.99: European emissions experienced last week one of the worst weeks this year. Front year prices tumbled to all time low at €5.99 on ICE ECX after the EC released verified emissions data. Contrary to the expectations, emissions fell more than any estimates suggested, fueling more concerns about the supply side of the market. Nevertheless, week on week basis EUAs dec12 fell by 4.4%, comparing to steep decline on Wednesday, when EUAs tumbled down by 16% comparing to Monday opening. Even though prices recovered by the end of the week, mainly on the back...more
greenmarket Newsletter 15/2012 (869 kB)Newsletter 14/2012
EMISSIONS HIT HARD BY EMISSIONS REPORT: Emissions fell to their nadir when this week EUAs dec12 slid to historic low of € 6.05 while the spot market valued EUAs deep below € 6. Emissions and the EU ETS are haunted by their fundamentals, especially by the impacts of the twin structural sins of its creation, over-allocation and inflexibility to economic developments such as recession. With current market conditions, emission data report released this Monday was just another bearish signal in the past couple of months that triggered precipitous fall of EUAs by € 1. more
greenmarket Newsletter 14/2012 (830 kB)Newsletter 13/2012
EMISSIONS PRECIPITOUSLY FALL BELOW € 7 AGAIN: During the last week emissions lost almost 10 % of their value. They plummeted from the previous week close € 7.77 to € 7.02 on Friday. This week Dec12 EUAs opened again in bearish mood, falling as low as € 6.63 on ICE ECX on Monday, March 26, but bouncing back on Tuesday, March 27 by more than € 0.60 to € 7.30. This price development points to the excessive volatility in the market, driven primarily by ongoing uncertainty and unpredictability of the EU’s possible intervention to the market. more
greenmarket Newsletter 13/2012 (0.9 MB)
