World news

EU carbon down 1%

Prices of European Union Allowances (EUAs) fell by around 1% on Tuesday, driven down by weaker German power and crude oil.

The EUA futures contract for December 2010 delivery trading on the European Climate Exchange (ECX) ended at € 15.29, down € 0.17 (1.1%) on yesterday’s close, and did not pass the yesterday’s closing level during the day.

The market had opened weakly at € 15.38, down € 0.08. The EUA contract hit an intraday peak of € 15.46 in morning trade but was falling for the rest of the day to reach € 15.25 in the last hour of trading.

On BlueNext, the EUA spot contract finished at € 15.20, down € 0.14 (0.91%) on yesterday’s close, an intraday low, an did not rise above € 15.34 during the day.

The December 2010 CER contract lost € 0.08 (0.59%) to 13.44 at the end of trading London. That put the EUA-CER 2010 spread at € 1.85.

Germany auctioned this morning on the European Energy Exchange (EEX) a total of 300,000 spot EUAs at € 15.26, € 0.60 above the price last week.

German Calendar 2011 baseload power trading on EEX fell by € 0.60 on yesterday’s close to € 51.10 per MWh.

Front-month Brent crude oil on the Intercontinental Exchange (ICE) fell below $ 76 a barrel from $ 76.60 a barrel at the close yesterday.

Source: ECX, BlueNext, ICE, EEX, Reuters