The EUA price varied in the period 17-24.02.2019 varied between 24,04 – 25,79 Euro/tCO2.
The UK published the auction calendar on Friday, 21.02.202, and the output is that 123,4M units will be released in forms of auctions or free allocation from the United Kingdom from 04.02 – 15.12.2020, and the request for compliance of British installation is 127 M. The total effect should be slightly bullish.
The mild temperature of last week are almost over and soon it will be required to heat more on central Europe because of cold coming with the same bullish effect.
The week end was monopolized by information that corona virus is spreading in Italy and southern Europe which is having a temporary bearish effect on market, providing some interesting buying opportunities.
We expect the market to hit on this wave of temporary panic some levels around 25 Euro/EUA.
Source: AitherCO2 and ClearBlueMarkets, London
For English, please press here.