Euro Markets: EUAs claw back early UKA auction-related losses to end day unchanged
EUA prices ended the day largely unchanged after a sell-off ahead of the fortnightly UK allowance auction was recovered amid steady buying interest later on, while energy prices rose as tensions in Ukraine mounted after attacks on Russian forces in Crimea.
Read MoreCEZ lags on hedging as coal burn covers output shortfall
Czech utility CEZ reported a lagged hedged position for H1 on Tuesday despite increased coal-fired output and bumper earnings, giving a bullish signal for EUAs for the rest of the year.
Read MoreEuro Markets: EUAs hit four-week high as traders focus on technical signals amid declining volume
EUAs rose to a four-week high on Tuesday, with traders focusing on technical signals even as trading activity continued to diminish as the holiday period reached its peak, while energy markets edged lower despite warnings of higher temperatures.
Read MoreEuro Markets: EUAs post small loss, price seen uncontested as holiday season hits peak
EUAs opened the week on a quiet note on Monday, with prices drifting slightly lower from Friday’s settlement as volume and price volatility fell near to year-to-date lows, while energy markets were mixed as traders braced for another week of high temperatures across the region.
Read MoreEuro Markets: EUAs post 7.9% weekly gain despite weak auction and poor liquidity
EUAs capped a positive week with a further modest increase on Friday to record a 7.9% weekly gain, despite a weak German sale and thin liquidity, as the annual August auction supply cut continued to boost the market, with stable downward movements on gas and power markets also keeping some support for carbon.
Read MoreUPDATE – Xpansiv to buy Evolution Markets to create carbon powerhouse
A powerhouse is being created in the global carbon markets with Xpansiv, a major platform for environmental markets, announcing Thursday it is acquiring Evolution Markets, one of the world’s largest emissions brokerages.
Read MoreEuro Markets: EUAs rise for a fourth day but meet resistance after auction disappoints
EUAs edged higher on Thursday after robust gains early in the session encountered resistance before a weak auction result dragged prices back from a 12-day high, as energy markets advanced after shaking off news that a major US Gulf LNG export terminal would restart faster than expected after repairs are completed.
Read MorePellet imports from Estonia may breach UK sustainability law
A new analysis published by a coalition of environmental groups in the UK has argued that the country’s demand for wood pellets to generate biomass energy is harming Estonia’s forests and ecosystems, including protected nature reserves.
Read MoreEuro Markets: EUAs reach two-week high as sellers hold back despite heavy fund liquidations
EUA prices forged higher for a third consecutive day, reaching their highest in two weeks as the annual August auction supply cut continued to drive the market even as investment funds cut long positions, while energy prices reversed early gains as gas inventories appeared to improve and demand has declined.
Read MoreEuro Markets: EUAs extend gains amid auction supply cut and anticipated coal demand
EUAs rose for a second day as the annual cut in auction volumes continued to inspire buying interest amid low screen-based trading volumes, while German year-ahead electricity prices set a new record and natural gas prices continued to advance amid continuing uncertainty over Russian supplies.
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