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    • Nov 16, 2023
    • 1 min read

EU ETS Report Week 42

Updated: Feb 2

Trading volumes continue to soar and see EUAs with the largest weekly gain since June The lows were seen in the early hours of Monday’s trading which saw prices find support at €80.00 before leaping throughout the week to close on €85.66 Carbon is now very much correlated with the European TTF natural gas marker with almost identical daily movements found there This suggests that last week’s activity was more reflective of short term gas price nervousness sparked by the ongoing conflict in the Middle East, rather than a change in the fundamentals for EUAs Emissions are still seasonally low and gas storage is almost at an all time high Let’s see if the approaching winter weather forces a change in the power markets. Please contact us at team@hecla-em.com if you want to receive the EU ETS Weekly reports to your email.



Comments

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.

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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.

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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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