MARKET LATEST: NZUs $39.20
SPOT NZUs were $39.00 bid and $39.40 offered on CommTrade this morning, after last fixing at $39.20.
View ArticleMarket weakens on news of February vote in EU ETS
European carbon prices started the week in a consolidation mode, before getting hit pretty hard overnight on Tuesday.
View ArticleLocal market awaits the politicians
Trading in local units has been sidelined on the week, with the market clearly waiting for the Finance and Expenditure Select Committee's report back to Parliament next Wednesday.
View ArticleFollow the leader ...
The New Zealand carbon market continues to follow the international market lower, with NZUs trading under NZD3.00 this week to post a low of $2.55 (offer), Westpac says.
View ArticlePlans to reduce supply in world's largest market
International prices have traded sideways following last week's back-loading proposal announced by the European Commission.
View ArticlePre-1990 NZUs fail to fire market
The year has started slowly for the domestic carbon market.
View ArticleNew low for European carbon
It hasn't been a good month for European carbon prices, with EUAs plunging from around EUR6.75 at the beginning of January to a record low of EUR2.81 for the Dec13 EUA contract overnight.
View ArticleMarketing getting news-fatigue
International prices fell sharply last night as news headlines continue to dictate the mood of the European carbon markets, Westpac reports.
View ArticleWhere are the sellers?
NZUs remain very illiquid as sellers remain absent from the market, Westpac reportts.
View ArticleNZU supply tight
NZU trading remains sporadic, as switching flow dictates price action, says Westpac.
View ArticleBig news from the US, Australia
There have been significant policy developments over the past week in the global emissions arena, Westpac reports.
View ArticleEU vote another step on the journey
Backloading, Europe's much-discussed and debated solution to a market weighed down by a glut of excess permits passed its biggest hurdle yet this week, with the European Union's Parliament voting in...
View ArticleEUAs hit three-week high
European carbon prices are firmer across the board this week, with Dec13 EUAs, ERUs and CERs all stronger, Westpac reports.
View ArticleAussie emitters await election outcome
Australia's Federal election has been September 7 and the outcome will determine the fate of the Carbon Price Mechanism, but in the meantime, the business of compliance goes on. Westpac reports:
View ArticleNZUs rally but volume still light
Over the past two weeks the New Zealand Unit (NZU) price has traded from mid NZD2s to over NZD5, Westpac reports.
View ArticleCrunching the numbers
Westpac takes a look at the Ministry for the Environment's 2012 Facts and Figures report on the Emissions Trading Scheme, and analyses the potential impact on prices.
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