Arjun Patel « Carbon Pulse

Articles by: Arjun Patel

EU Market: EUAs slip back below €26 as economy woes loom large

Published 22:15 on July 30, 2020 / Last updated at 23:05 on July 30, 2020 / Arjun Patel / EMEA, EU ETS

EUAs fell back below €26 on Thursday, giving back the previous day’s gains as markets sank on worse-than-expected GDP and corporate data, hitting home how badly the pandemic has struck the wider economy.

UK utility Drax sees jump in H1 coal power output as it clears stockpiles

Published 22:44 on July 29, 2020 / Last updated at 22:46 on November 23, 2022 / Arjun Patel / EMEA, EU ETS, International, Nature-based, Voluntary

Coal power generation at UK utility Drax more than doubled in H1 as the company sought to use up its remaining stockpiles ahead of an anticipated coal phaseout in Mar. 2021, it said in first-half results on Wednesday.

EU Market: Strong Polish auction vaults EUAs back above €26, as investment funds pull back

Published 18:01 on July 29, 2020 / Last updated at 14:21 on August 5, 2020 / Arjun Patel / EMEA, EU ETS

EUAs climbed above €26 on Wednesday as a strong Polish auction helped extend this week’s rebound from a one-month low, while weekly data showed a large downsize in investment fund holdings despite more of these firms entering the market.

Spain’s Endesa reports 84% drop in H1 coal-fired output as phaseout plans advance

Published 19:11 on July 28, 2020 / Last updated at 00:40 on July 29, 2020 / Arjun Patel / EMEA, EU ETS

Spanish utility Endesa reported a major drop in H1 coal-fired power generation in its financial results on Tuesday, amid earlier-than-expected shutdowns of nearly half of the country’s fleet of coal plants.

EU Market: Prices rebound 3% as selling seen exhausted, buyers stock up ahead of supply cuts

Published 18:27 on July 28, 2020 / Last updated at 19:13 on July 28, 2020 / Arjun Patel / EMEA, EU ETS

EUAs rallied by 3% on Tuesday afternoon after holding above €25 for a second straight day, reversing some of the previous session’s 5% drop as wider markets steadied amid hopes of more government stimulus measures.

EU Market: EUAs fall another 5% to July low as weak auction, virus surges weigh

Published 19:22 on July 27, 2020 / Last updated at 20:26 on July 27, 2020 / Arjun Patel / EMEA, EU ETS

EUAs have dropped below €25 for the first time since June, falling on Monday after a weak auction and as wider financial markets fretted about the potential impact of a resurgence of coronavirus cases.

EU Market: EUAs sink on auction, stocks to end week down 5%

Published 19:06 on July 24, 2020 / Last updated at 20:20 on July 24, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon prices dropped on Friday following a weaker auction result and amid falling equity markets to end the week down 5.2%.

EU Market: EUAs rise on technicals, auction as more politicians reproach speculators

Published 18:57 on July 23, 2020 / Last updated at 11:41 on July 24, 2020 / Arjun Patel / EMEA, EU ETS

EU carbon rose on Thursday amid bullish technical signals and a second straight strong auction result, as more lawmakers reproached speculators for driving prices to near-record levels.

EU Market: Buyers to the rescue after EUAs hit fresh 3-week low

Published 20:01 on July 22, 2020 / Last updated at 15:53 on July 29, 2020 / Arjun Patel / EMEA, EU ETS

European carbon prices rebounded after hitting a fresh three-week low on Wednesday, with traders noting solid demand for allowances around current levels despite selling and supply-side pressure.

EU Market: EUAs reverse Friday gains to resume downward path

Published 19:41 on July 20, 2020 / Last updated at 20:27 on July 27, 2020 / Arjun Patel / EMEA, EU ETS

European carbon reversed Friday’s gains to start the week, tumbling to a three-week low as buyers struggles to absorb an increase in supply and sellers kept the pressure on prices.