Weekly Commentary: CCA front price falls relative to benchmark and trading diverts to Q3 auction contracts

June 15, 2020 by Anant Jain

Summary: Front closes at $16.73, down by $0.05 from Monday’s close. The benchmark is flat for the week. Weekly volume of 13.33 MtCO2e, slightly below the 4 week moving average of 14.71 MtCO2e.Front and benchmark contracts see net closures whilst post-auction Aug20 and Sep20 contracts see fresh open interest. CaliforniaCarbon.info,…

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