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Carbon market snapshot

25 Apr 2012 19:45:15 | edcm

Carbon prices made further minor losses on Wednesday in another session characterised by directionless, range-bound trade and thin volumes. This week's plummeting prices for German power and for coal have failed to drag carbon back below the €7/tCO2e support level. Many companies have completed their compliance purchases, which could explain the thin volumes, traders said. In general, the carbon market seems to be waiting on new EU political developments before participants begin to take on large positions, traders said.

Spot CERs shed €0.10/tCO2e to reach €3.75/tCO2e, flat to the front year, but traders said they expected the CER market to return to contango soon, as spot demand is likely to fall off once the compliance period closes.

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