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CCA Weekly Commentary: CCAs breach $40 resistance with the market off to a strong start in 2024, in line with cCarbon’s expectations

January 8, 2024Created By: Megha Jha

This Week’s Highlights Intercontinental Exchange (ICE) CCA V24 Front on Friday closed at $40.57 gaining 1.15% over the week. ICE weekly volume was reported as 37.82 M and the 4-week moving average was reported as 30.76 M tons. CFTC: Open Interest up by 0.26 M tons. The compliance entities increased…...

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EU ETS and UK ETS Weekly Commentary: Weekly average EUA and UKA decreased to €73.70 and £44.05 respectively; Latest EUA auction held in 2023 settled year-to-date low at €66.49

January 8, 2024Created By: Arpit Beniwal

This Week’s Highlights Weekly average EUA prices fell by 4.40% in the first week of 2024 compared to the last week of 2023 to reach at €73.70. cCarbon EUA weekly short term price forecast for the coming four weeks is expected to be between €74.56 and €75.98. ESMA- Open interest…...

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RGGI Weekly Commentary: RGAs continue to trade at record highs ($15-$16) with a strong volume trade

December 18, 2023Created By: Megha Jha

This Week’s Highlights Current record prices continue to build on the momentum generated by the 62nd auction We believe this is largely being driven by speculation around the potential for program tightening, including a move towards a zero-cap by 2035 and an upward revision of the Cost Containment Reserve (CCR)…...

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EU ETS and UK ETS Weekly Commentary: Weekly average EUA and UKA decreased to €67.37 and £33.70 respectively; EUA witnessed year-to-date low

December 18, 2023Created By: Arpit Beniwal

This Week’s Highlights Weekly average EUA prices fell to year-to-date low in the last week by 2.68% from €69.22 to €67.37. cCarbon EUA weekly short term price forecast for the coming three weeks is expected to be between €65.12 and €67.05. European Council and Parliament reached deal on reform of…...

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CCA Weekly Commentary: CCAs continue to rally in the $39-$40 range; cCarbon anticipates convergence with market fundamentals in Q1 2024

December 18, 2023Created By: Megha Jha

This Week’s Highlights CARB is expected to release the initial draft of amendments to the cap-and-trade program between late March to early April 2024. Intercontinental Exchange (ICE) CCA V23 Front on Friday closed at $39.46 gaining 0.66% over the week. ICE weekly volume was reported as 49.61 M (+17.75% WoW)…...

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CCA Weekly Commentary: CCAs maintain bullish trajectory approaching $40; CARB released 2024 allowance allocation summary

December 11, 2023Created By: Megha Jha

This Week’s Highlights Intercontinental Exchange (ICE) CCA V23 Front on Friday closed at $39.20 gaining 0.90% over the week. ICE weekly volume was reported as 42.13 M (-50.44% WoW) and the 4-week moving average was reported as 55.45 M tons. CFTC: Open Interest up by 2.34 M tons; compliance entities…...

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EU ETS and UK ETS Weekly Commentary: EUA prices decreased in the last week from €72.24 to €69.22; UKA decreased drastically from £41.31 to £34.33.

December 11, 2023Created By: Shubhangi Sharma

Summary: Weekly average EUA prices decreased again in the last week by 4.18% from €72.24 to €69.22. cCarbon EUA weekly short term price forecast for the coming three weeks is expected to be between €67.54 and €69.45. European Council and Parliament reached deal on future hydrogen and gas market. The…...

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RGGI Weekly Commentary: RGAs sustain bullish, settling at $14.88 (CCR) on high trade volumes; Four prominent environmental groups in Pennsylvania challenge the court’s ruling blocking RGGI

December 4, 2023Created By: Megha Jha

This Week’s Highlights ICE RGGI V23 Front on Friday: $14.88 (+0.68% WoW). The ICE weekly volume was 15.91 M tons (+112.7% WoW). CFTC: Open Interest down by 1.03 M tons; compliance entities decreased long positions by 2.46 M tons, and managed money increased long positions by 0.44 M tons. Auction…
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CCA Weekly Commentary: CCAs trade in the $38.80+ range with negligible WoW gains; trade activity notes an uptick as investors prepare for the holiday season

December 4, 2023Created By: Megha Jha

This Week’s Highlights Intercontinental Exchange (ICE) CCA V23 Front on Thursday closed at $38.85 gaining 0.36% over the week. ICE weekly volume was reported as 85.02 M (+21.97% WoW) and the 4-week moving average was reported as 53.75 M tons. CFTC: Open Interest down by 2.38 M tons; compliance entities…
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EU ETS and UK ETS Weekly Commentary: EUA and UKA dropped to €73.45 and £41.31 respectively; EU provisional agreement for the internal markets in renewable and natural gases and in hydrogen

December 4, 2023Created By: Shubhangi Sharma

Summary: Weekly average EUA prices decreased in the last week by 3.03% from €75.75 to €73.45. cCarbon EUA weekly short term price forecast for the coming weeks is expected to be between €71.12 and €73.23. ESMA- Open interest for EUA futures increased by 5.90% at ICE Endex and increased by…...

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