Euro Markets: EUAs record biggest weekly drop in two months as liquidity drains from the market

Published 17:14 on September 29, 2023  /  Last updated at 19:08 on September 29, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices fell back on Friday morning in very thin trading activity as the third quarter approached its end, while energy markets also weakened as mild weather and high gas stocks continued to weigh on the markets.

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Euro Markets: EUAs snap three-day losing streak as carbon-gas price correlation increases

Published 17:20 on September 28, 2023  /  Last updated at 18:35 on September 28, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices climbed moderately in choppy Thursday trade, underpinned by a strengthening link to gas prices as well as a second strong auction in a row, as participants continued to speculate over investment funds’ likely positioning in the coming days, while energy markets were firmer amid gas supply interruptions in the North Sea.

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Euro Markets: EUAs drift as positioning data shows small decrease in funds’ bearish bets

Published 17:16 on September 27, 2023  /  Last updated at 17:49 on September 27, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices were slightly weaker on Wednesday as traders absorbed Commitment of Traders data that showed a small decrease in the net short position of investment funds, with several participants questioning whether this would be enough of a change to trigger another short squeeze.

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Shift in EU ETS supply-demand balance prompts bank to slash 2023-2030 price forecasts

Published 18:57 on September 26, 2023  /  Last updated at 18:57 on September 26, 2023  / Alessandro Vitelli /  EMEA, EU ETS

A sharp drop in forecast emissions in the EU ETS out to 2030 compared to pre-Covid forecasts, together with the expected additional supply of allowances to be released under the REPowerEU policy, has led a large bank to slash its EUA price forecast by 11% for 2023, with larger reductions in its predictions in subsequent years out to 2027.

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Euro Markets: EUAs drop most in three months as gas prices slide 9.3% after options expiry

Published 17:16 on September 26, 2023  /  Last updated at 19:27 on September 26, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices dropped by the most in more than three months on Tuesday as weaker gas prices improved the fuel’s profitability in power generation and cut implied demand for EUAs, while TTF prices wiped out Monday’s gains after the expiry of the September options contract.

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Euro Markets: EUAs edge lower despite 12% jump in gas as supply outlook tightens

Published 17:20 on September 25, 2023  /  Last updated at 07:34 on September 26, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices were marginally weaker at the close on Monday though the market appeared to be sustained by a strong gas market, where speculation is growing that storages may not reach tank tops before the coming winter, leaving room for additional demand.

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Euro Markets: EUAs follow gas gains to three-week high while UK carbon snaps three-week fall

Published 17:22 on September 22, 2023  /  Last updated at 23:02 on September 22, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EU carbon permits posted their biggest weekly increase in two months on Friday, as prices gained momentum from the combination of a moderate short squeeze and a sharp rise in natural gas prices, while UK Allowance prices ended 14 successive days of declines with a strong bounce-back.

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Euro Markets: EUAs post sharp gain amid strong auction and gas support as UKAs continue to fall

Published 17:27 on September 21, 2023  /  Last updated at 17:52 on September 21, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

EU carbon prices posted robust gains on Thursday after a strong auction outcome triggered steady buying and firmer gas prices lent support, while UK Allowances slid to yet another record low as traders fretted about bearish political signals and speculated over whether UKA prices were set to test an auction reserve price.

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CBAM to add up to 56% to imported cost of steel from India and China by 2034 –report

Published 14:34 on September 21, 2023  /  Last updated at 14:34 on September 21, 2023  / Alessandro Vitelli /  CBAM, China, EMEA

The cost of importing steel into the EU from India and China could rise by 49% and 56% respectively when the EU’s carbon border adjustment mechanism is fully implemented by 2034, analysts estimated in a report published on Thursday.

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Euro Markets: EUAs rally after COT and options expiry as UKAs slump to less than 50% of EU price

Published 17:25 on September 20, 2023  /  Last updated at 17:45 on September 20, 2023  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon rallied sharply in the afternoon after the expiry of the quarterly options contract triggered modest buying and amid an increase in investment funds’ net short positioning that encouraged a further short squeeze attempt, while UK Allowances slumped after a weak auction, with prices now at less than half the level of their EU counterpart.

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