CarbonDesk Daily Market Report: 25 October 2011
|EUA Dec11: || |
|CER Dec11: || |
|EUA Daily Future: || |
|CER Daily Future: || |
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|Oil (Front Month Brent - USD/bbl): || |
|German Power (2012 Phelix Baseload - EUR/MWh): || |
|Natural Gas (Front Month NBP - GBp/therm): || |
|Coal (2012 CIF ARA - USD/tonne): || |
Carbon erased its gains on Tuesday, accompanied by negative UK natural gas and positive German baseload power. The Dec11 EUA contract traded in a rather narrow range between €10.28 and €10.58 before it closed at €10.41, 1.2% lower than the day before. Spanish registry remained closed after the government shut it down following an unauthorised transfer of allowances out of the registry. Total volumes rose to 14,425 futures traded on ICE ECX with an additional 253 spot contracts exchanged on BlueNext.
CERs also declined but were more resilient than EUAs. The Dec11 CER future lost 0.42%, finishing the session at €7.03 as it traded most actively among other CER vintages. The UN CDM Board slowed CER issuance somewhat in October, making it likely that it would become a month with one of the lowest CER volumes issued. The Dec11 CER-EUA spread tightened by €0.1 to -€3.38 while the Dec12 CER-EUA spread tightened by €0.1 to -€3.76. Total volumes included 3,799 futures exchanged on ICE ECX and another 300 spot contracts traded on BlueNext.
4 Chiswell Street