Arjun Patel « Carbon Pulse

Articles by: Arjun Patel

EU Market: EUAs hit 2-week high on Parliament vote, but give back gains

Published 20:36 on October 7, 2020 / Last updated at 21:07 on October 14, 2020 / Arjun Patel / EMEA, EU ETS

EUAs surged more than 4% to a two-week high early Wednesday on news the European Parliament backed a stronger-than-expected 2030 climate target, but they gave back all those gains over the course of the day on profit-taking, a weak auction result, and Brexit uncertainty, traders said.

EU Market: EUAs dip after reacting to reports of Brexit progress

Published 19:32 on October 6, 2020 / Last updated at 22:42 on October 6, 2020 / Arjun Patel / EMEA, EU ETS

EUAs slipped further below €27 on Tuesday, sliding despite a stronger auction as prices wavered in response to differing reports of progress on a post-Brexit trade pact.

EU Market: EUAs hold near €27 despite early weakness, bearish auction

Published 18:34 on October 5, 2020 / Last updated at 11:01 on October 6, 2020 / Arjun Patel / EMEA, EU ETS

EUAs dipped on Monday on a weak auction result and after weekend Brexit talks yielded little, defying strength in wider markets due in part to positive updates on US President Trump’s progress in battling the coronavirus.

EU Market: EUAs rebound from Trump virus-linked losses to notch 3.3% weekly rise

Published 19:24 on October 2, 2020 / Last updated at 22:07 on October 2, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon prices swung wildly on Friday, ending the week above €27 and with a 3.3% gain, as markets reacted negatively to news that President Trump has contracted the coronavirus.

EU Market: EUAs slip towards €26 as Brexit woes add to market weakness

Published 20:01 on October 1, 2020 / Last updated at 22:39 on October 1, 2020 / Arjun Patel / EMEA, EU ETS

EUAs dipped back towards €26 on Thursday amid a poor auction result, worsening prospects for a UK-EU trade pact, and weaker energy prices.

EU Market: Carbon consolidates near €27 as strong auction met with technical selling

Published 21:04 on September 30, 2020 / Last updated at 17:48 on March 10, 2022 / Arjun Patel / EMEA, EU ETS

EU carbon prices consolidated near €27 on Wednesday as buying backed by a strong UK auction result was met by technical selling, after a record number of compliance players reported EUA holdings last week.

Brussels seeks to tighten F-gas emissions regulations

Published 17:49 on September 30, 2020 / Last updated at 23:31 on September 30, 2020 / Arjun Patel / EMEA, EU ETS

The European Commission favours putting tougher curbs on potent F-gas emissions used in air-conditioning units and electrical equipment, it said on Wednesday, judging that cleaner solutions are likely too costly to be otherwise taken up voluntarily.

EU Market: EUAs retreat despite improved auction demand, failing to hold Monday’s strong gains

Published 17:19 on September 29, 2020 / Last updated at 00:58 on September 30, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon prices declined on Tuesday, giving back much of the previous day’s strong gains despite the best auction showing in a week.

EU Market: EUAs jump nearly 6% as bears capitulate, markets strengthen

Published 20:17 on September 28, 2020 / Last updated at 21:19 on September 28, 2020 / Arjun Patel / EMEA, EU ETS

EUAs jumped nearly 6% on Monday to reclaim last week’s losses as wider markets swung to positive, with carbon further boosted by a bout of short-covering and speculative buying once prices broke above resistance.

EU Market: Another weak auction result knocks EUAs to 6.5% weekly loss

Published 17:45 on September 25, 2020 / Last updated at 19:53 on September 25, 2020 / Arjun Patel / EMEA, EU ETS

EUAs dropped on another poor auction showing and wider market weakness on Friday, though prices continued to find support around €26.