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Secondary Market Digest – November 2020

December 4, 2020Created By: Anant Jain

Summary: November auction oversubscribed. Settlement prices $0.25 (Current) and $0.67 (Advance) above the floor. Allowance prices drop after auction date as market expects an oversupply of V20. Prices recover to pre-auction level, few days after the result. CCA Forward Curves start to hug the future price floors (Page 4) CaliforniaCarbon.info,…...

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Secondary Market Digest – September and October

November 12, 2020Created By: Anant Jain

Summary: California Carbon Allowances see an increase in value after a positive August auction. ICE Trading horizon switches to Sep21 and Dec21 Market volumes likely to surge around regulatory compliance cycle in November CCA Forward Curves start to hug the future price floors (Page 4) CaliforniaCarbon.info, November 11th, 2020:California Carbon…...

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Secondary Market Digest – August 2020

September 3, 2020Created By: Anant Jain

Summary: Secondary market prices trade above floor, by about 15 cents, for the second month ICE trading Volumes increase by 20.18% MoM to total 51.9 M MtCO2 e in auction month Covered entities put out bullish expectations pre-auction, with successive net long positions. Better than expected auction outcome, current (0.89)…...

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Secondary Market Digest – July 2020

August 6, 2020Created By: Anant Jain

Summary: Secondary market prices traded consistently above floor, by about 15 cents. The benchmark maintained the $17 mark. ICE trading Volumes shrunk by 34.2% MoM to total  43.2M MtCO2e, Summer vacations take their toll. Open Interest (OI) positions for Sep20 delivery increased by 1.64 million tons; Sep21 delivery increased by…...

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Secondary Market Digest – June 2020

July 6, 2020Created By: Anant Jain

Summary: Secondary market prices suffered losses; the front moved below the floor due to weaker financial participant activity closing at $16.64. Trading Volumes shrunk by 15% MoM, to total  65.71 MTCO2e. Open Interest (OI) positions in V20 Sep20 increased by 4.4 million tons; Front and benchmark positions saw a net…...

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Secondary Market Digest – May 2020

June 5, 2020Created By: Anant Jain

Summary: Secondary Market Front breached the Price Floor ($16.68) on 20th May, on the day of the Joint Auction 23 Trading Volumes reduced to 75.8 million tons in May, down by 37.7% from April as a result of the auction Secondary Market outlook turned to the mid-term, having recovered from…...

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Secondary Market Digest – April 2020

May 8, 2020Created By: Anant Jain

CaliforniaCarbon.info, May 09, 2020 After California Carbon Allowance prices took a plunge in March, an overall trend of price recovery was visible throughout April. Secondary market prices entered a growth phase after the 3rd of April, however prices experienced resistance in crossing the $16.00 mark. It was only after 23rd…...

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Secondary Market Digest – March 2020

April 3, 2020Created By: Anant Jain

CaliforniaCarbon.info, April 03, 2020: WCI Carbon Markets took a big hit this month due to deteriorating market sentiments in the midst of the COVID-19 crisis. State-wide facility shutdowns and the ‘shelter-in-place’ order drove prices into several significant step-down declines, to a price much below the Price floor (USD 16.68) in…...

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Secondary Market Digest – February 2020

March 20, 2020Created By: Anant Jain

CaliforniaCarbon.info, March 20, 2020: This month, the front rose by 8 cents closing at USD 17.91 above the last trading day of January 2020. California Carbon Allowance (CCA) prices remained fairly stable throughout the month. This is visible from the average daily price change of USD 0.05 visible on page…...

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Secondary Market Digest – January 2020

February 21, 2020Created By: Anant Jain

CaliforniaCarbon.info, February 21, 2020: This month, the front rose by 18 cents closing at USD 17.83 above the last trading day of December. California Carbon Allowance (CCA) prices on the secondary market acted impervious to the tensions with Iran that peaked during the second week of January. In the same…...

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