European carbon prices strengthened last week on solid demand at EU and the UK auctions and rising German power prices. Debate on the Market Stability Reserve underway in Bruxelles gave no clear signal to the market. Analysts by Reuters Point Carbon expect the continuous political gridlock over MSR to put some bearish pressure on EUA prices this week, as it could mean further delays in the process.
The EUAs Dec-15 contract closed on Friday at €7.09/t, up €0.58/t (+8.91 percent) week-on-week.
In the UN-backed CDM market, the CER contract for December 2015 closed flat at €0.41/t.
(Market analysis and data by Thompson Reuters PointCarbon, our data visualization using Tableau Public)