AFS Morning Comments & Calendars

28 November 2022

EU ETS Market Outlook: 28/11/2022

Early trading on Monday is seeing modest losses for EUAs compared to the close on Friday, with a gap lower at the open. If prices drop further through technical support at €76.85, we might end…

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21 November 2022

EU ETS Market Outlook: 21/11/2022

A relatively subdued energy complex and political uncertainty should keep EUA trading rangebound this week. Tuesday, Wednesday and Thursday bring trilogues on ETS revision and REPowerEU and a meeting of the European Energy Council. The…

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14 November 2022

EU ETS Market Outlook: 14/11/2022

Mild temperatures, forecasts that suggest above average temperatures this winter, efforts to curb gas demand and a fundamentally tight market should prove supportive for EUA prices early this week. Any breakout to the upside might…

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7 November 2022

EU ETS Market Outlook: 07/11/2022

This week the bull run might run out of steam as the short-covering buying interest that had driven prices above €70 dissipates, leaving EUAs to consolidate between €75 and €80. Two main price drivers could…

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31 October 2022

EU ETS Market Outlook: 31/10/2022

Last week’s breakout may be followed by some consolidation with holidays likely to limit trading for Monday and Tuesday for much of Europe.The price increase looks like it may have been largely technical in nature,…

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24 October 2022

EU ETS Market Outlook: 24/10/2022

The week ahead looks set to stay relatively uneventful as the market continues to wait on news from political deliberations on Fit for 55 and REPower EU. Leaks from the political process could prompt volatility,…

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