print    

News

EUA prices finish unchanged

Prices of EU emission allowances (EUAs) finished unchanged on Wednesday after rising to a one-month high in morning trade.

The EUA futures contract for December 2012 delivery climbed to € 7.73 in morning trade on ICE Futures Europe in London, the highest level since December 29, before moving lower to € 7.46 and then finishing at € 7.51.

Carbon had support from stronger German power prices which moved higher on forecasts of colder weather in Europe. The 2013 baseload contract trading on the European Energy Exchange (EEX) ended up 55 cents at € 51.50 per MWh.

EUA prices remained strong after rising by 5.6% yesterday despite two government auctions of allowances.

Greece auctioned 1 million spot EUAs at € 7.27 on the Athens Stock Exchange this afternoon while Germany sold 645,000 EUA futures at € 7.52 on EEX. Both settlement prices were close to market prices.

From the coming events, Lithuania will sell on Thursday in a spot auction on EEX 850,000 EUAs.

The CER futures contract for December 2012 delivery finished down 5 cents (1.3%) at € 3.83 in London.

On BlueNext in Paris, the EUA spot contract gained 9 cents (1.2%) to € 7.36.

Source: ICE Futures Europe, BlueNext, EEX, Reuters