California Carbon Allowance trades decrease as prices see a gradual increase on the forward curve. The beginning of the week, market did not see any movement in CCA prices. Following day, prices gained an average of 6-cents as intraday volatility was high, deliveries gained anywhere from 3-cents to 9-cents. Mid-week prices stood still not before reverting back to a steady increase gaining 2-cents on average on the penultimate day of the week. The week rounded-up with only front (V18 Sep18) and V18 Oct18 delivery gaining 2-cents while other deliveries stayed stationary on the forward curve. As of Friday (09/07) front is trading at USD 15.44 which is an 8-cent weekly gain while benchmark (V18 Dec18) is trading at USD 15.58 which is a 6-cent weekly gain.
A summary of a comprehensive analytical and statistical breakdown showcasing the monthly trends in the market for CCA’s:
In August, volume totaled to be 57.2 million tons
Vibration analysis also suggests that prices have been significantly more volatile in August compared to July which can be credited to the Joint Auction 16
The discount factor for golden CCOs went up to 7.28% in August from 7.00% in July which is a 0.28% increase over a month
For more information on the methodology used in computing price data, please visit our website.
Disclaimer: Climate Connect Ltd is the lawful owner and operator of domain name CaliforniaCarbon.info. Climate Connect Ltd has taken due care and caution in compilation and reporting of data as has been obtained from various sources including which it considers reliable and first hand. However, Climate Connect Ltd does not guarantee the accuracy, adequacy or completeness of any information and it not responsible for errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the users of this report. This research and information does not constitute recommendation or advice for trading or investment purposes and therefore Climate Connect Ltd will not be liable for any loss accrued as a result of a trading/investment activity that is undertaken on the basis of information contained in this report. Climate Connect Ltd does not consider itself to undertake Regulated Activities as defined in Section 22 of the Financial Services and Markets Act 2000 and it is not registered with the Financial Services Authority of the UK.
