EU Market: EUAs slip to €25 as gas weakens to post 2.4% weekly loss
EUAs sank for the second straight day on Friday as lower gas prices spurred another late downward move to secure a weekly loss as carbon consolidated further away from its recent 11-year high.
Read MoreEU Market: EUAs slide 1.5% back below €26 as gas, auction weakness weigh
EU carbon prices slipped on Thursday to give back most of the previous session’s gains as a weak auction and softer gas prices deterred bulls.
Read MoreEUA auctions by non-EU states to start June 3
Long-awaited EU carbon auctions by the three non-EU states that participate in the bloc’s ETS will commence on June 3, sale host EEX announced late Thursday, and will add up to 20.6 million tonnes this year’s auction calendar.
Read MoreEU ETS looms larger in company decisions as surpluses dwindle -survey
While the EU ETS is becoming more of a driver for emission cuts, it is also heightening competitiveness concerns as fewer firms hold a surplus of allowances amid rising prices, a survey found.
Read MoreGermany should seek EU reforms to allow more aid to ETS industries, think-tank urges
Germany should push for reforms to loosen EU state aid rules and enable the government to provide more support to EU ETS-covered heavy industries, a prominent environmental think-tank has proposed.
Read MoreEU Market: EUAs lift closer to €26 after recovering on Trump trade bounce
EUAs briefly climbed back above €26 on Wednesday, recovering in another afternoon surge after wider financial markets celebrated US President Donald Trump appearing to soften his line on EU trade tariffs.
Read MoreEU to withdraw additional 397 Mt from ETS through summer 2020
Nearly 400 million more carbon allowances will be withdrawn from the EU ETS through next summer and inserted into the MSR, the European Commission announced late Wednesday in its annual ‘TNAC’ update, with the market’s oversupply figure rising slightly year-on-year to top analyst expectations.
Read MoreGermany’s RWE eases back on hedging in Q1 but position still advanced
German-based utility RWE slowed its hedging rate over Q1 but still has a slightly advanced position compared to a year ago, it said in financial results Wednesday, giving a slightly bearish signal for EUAs.
Read More€40 EUAs this year? Don’t rule it out, warns BloombergNEF
EU carbon allowances are expected to remain volatile for the rest of the year, analysts said, with prices seen ending 2019 within a wide range that is mostly well above current levels.
Read MoreEU Market: EUAs race towards €26 on supportive auction, energy gains
EUAs surged by more than a euro in the final three hours of trade on Tuesday, reversing the previous day’s rapid afternoon loss as a stronger auction and supportive energy prices muted any selling.
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