The ICE Emissions Market has opened operations today, 04/25/2014, as follows:
- EUA spot: 5,73 Euro
- EUA Futures December 2014: Euro 5.81
- CER Futures December 2014: Euro 0.16
- Brent Crude (oil) June 2014: $ 110.03
- Energy Germany June 2014: Euro 29.25
This morning, EUA price tumbled from 5.81 Euro to 5.50 Euro. The reason for this correction is technical rather than intrinsic, as determined by the intervention of traders who bought large quantities of EUAs, given low auctions next week and the potential military intervention of Russia in Ukraine, which may generate a price increase.