EU ETS Report Week 17

wmanager2
May 9
1 min read

Third positive week in a row last week as EUAs have seemingly bounced from the lows of €60 a month ago, towards the still lowish ground of €67s. Natural gas markets in Europe have had little to report recently, middling around the €33/MWhs as the weather improves and we end the winter heating season. However, natural gas storage reached its lowest levels seen for three years as a cold winter met with low renewable energy output. If the EU still want to reach its 90% storage target by November this year, Europe will have to start competing more for LNG cargoes. Please contact us at team@hecla-em.com if you want to receive the EU ETS Weekly reports to your email.

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The information contained within this report is given in good faith based on the current market situation at the time of preparing this report and as such is specific to that point only. While all reasonable care has been taken in the preparation and collation of information in this report Hecla Emissions Management (and all associated and affiliated companies) does not accept any liability whatsoever for any errors of fact or opinion based on such facts.

Some industry information relating to the shipping industry can be difficult to find or establish. Some data may not be available and may need to be estimated or assessed and where such data may be limited or unavailable subjective assessment may have to be used.

No market analysis can guarantee accuracy. The usual fundamentals may not always govern the markets, for example psychology, market cycles and external events (such as acts of god or developments in future technologies) could cause markets to depart from their natural/usual course. Such external events have not been considered as part of this analysis. Historical market behaviour does not predict future market behaviour and shipping is an inherently high risk business. You should therefore consider a variety of information and potential outcomes when making decisions based on the information contained in this report.

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