Cookies on the ICIS website

close

Our website uses cookies, which are small text files that are widely used in order to make websites work more effectively. To continue using our website and consent to the use of cookies, click away from this box or click 'Close'

Find out about our cookies and how to change them

Carbon market snapshot

23 Apr 2012 17:46:36 | edcm

A bearish fuels complex and depressed financial markets forced emissions prices down on Monday amid renewed concerns over the eurozone's economic health, traders said. Intra-day weakness in German power, oil and coal all contributed to the bearish mix, while weak manufacturing data for the eurozone added to the negative sentiment.

Despite carbon's weakness, losses were not as pronounced as market participants expected. "There were some good bid supports today," said one European-based trader, "Nobody was really willing to sell it down." Sources added that there was still a lot of interest from installations with compliance deadlines fast-approaching. Amid the conflicting market signals, the EUA Year 2012 shed €0.25/tCO2e session on session to close at €7.20/tCO2e.

Other Related Stories


Subscription required

Other Options