Coal and carbon prices fall in Europe
Thomson Reuters Point Carbon has released this week’s Cross Commodity Report with API-2 coal prices and EU carbon prices both falling.
Coal prices fall…
API-2 coal prices fell 2.6% on the previous week, as weaker German power prices and increasing macroeconomic concerns due to the US budget crisis weighed on the market. Prices ended the week on US$ 81.88 down from US$ 84.09.
Thomson Reuters Point Carbon expects prices to continue down, although continued the continued profitability of coal on the German power market, as well as some “technical indicators” should limit the downside.
… leading carbon prices down
The EUA Dec-13 contract also dropped over the week on the back of weaker coal and power prices and a sell-off to take some profit at the end of Q3.
Thomson Reuters Point Carbon offer a neutral outlook for this week as favourable clean dark spreads provide price support, while an auction volume of 22.2 million allowances might have a bearish influence.
Adapted from press release by Jonathan Rowland
Read the article online at: https://www.worldcoal.com/coal/07102013/coal_power_european_coal_and_carbon_prices_fall_coalnews_102/
You might also like
Coal exit and workforce shortages keep short-term Australian power prices high
Cornwall Insight has reported that the ongoing phase-out of coal facilities and the sluggish progress in launching new renewable energy projects is poised to push Australian electricity prices higher until 2030.
