UPDATE – ICE resumes EU carbon trade, cancels deals after Endex migration hit by “technical issues”
Exchange operator ICE resumed its EU carbon trading Monday morning after “technical issues” linked to the migration of the contracts to its Endex platform from its London-based hub forced it to temporarily suspend the market and cancel any deals done up to that point.
Read MoreEuro Markets: EUAs drop below €50 for 2.1% weekly loss
EUAs slipped below €50 on Friday as the previous session’s technical breakout continued to encourage selling, though much of the market remains bullish, with many eyeing a rapid recovery.
Read MoreEuro Markets: EUAs slip towards €50 after technical breakout
EUAs fell towards €50 on Thursday, with prices breaking out of a technical range and continuing their retreat from last month’s record levels.
Read MoreEuro Markets: EUAs, UKAs slip as British auction weighs
EUAs lost nearly 2% on Wednesday as the market again struggled to absorb the day’s two auctions, though they avoided the sharp sell-off triggered by the UK’s inaugural sale two weeks earlier, while trading data on UKA holdings was published for the first time ever.
Read MoreEuro Markets: EUAs lift above €52 as energy prices rise, free allocations seen far off
EUA prices lifted above €52 in thin trade on Tuesday amid higher prices in energy and equity markets and as traders said Brussels appears to have made limited progress in handing out this year’s free allocations.
Read MoreBrussels applies EU ETS free allocation factor for industries through 2025
The European Commission has applied a cross-sectoral correction factor (CSCF) for industry’s free carbon market allocations through 2025, a move that paves the way for 2021 EUA handouts later this summer.
Read MoreCOMMENT: Growing Pains in the UK ETS
The UK ETS has been up and running for more than a week now, and while it might be stretching things to say that we can already see a few trends, there are nonetheless a few interesting developments worth noting.
Read MoreEuro Markets: EUAs slump to week-low near €50, UK units slip to narrow premium
EUAs slumped to a one-week low just above €50 on Friday to notch a 1.4% weekly loss, while UKAs also sank as it emerged Britain was considering boosting this year’s auction supply.
Read MoreAnalysts raise EUA price forecasts for 2021-22 as €50 seen as “new norm”
EU carbon will average €50 for the remainder of this year, analysts predict, with a number of bullish factors leading them to raise their forecasts for both 2021 and 2022.
Read MoreUK govt mulling increase to 2021 ETS auction supply
The UK government may significantly increase the amount of carbon allowances to be sold under the country’s new emissions trading scheme this year, Carbon Pulse has learned.
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