Traded levels for Generic and HIR ACCUs climbed to an 8-month high last week, dating back to mid-December, behind an uplift in Safeguard-aligned buying across both spot and forward markets. Notably, options and forwards activity shifted positioning over the week, while RepuTex’s OTC forward curve steepened as trading saw an elevated cost of carry to lift our forward assessments.
RepuTex’s Carbon Weekly report breaks down activity in the Australian exchange-traded and OTC carbon markets (spot and derivatives) over the past week, including key trends and drivers, our latest pricing and benchmarks, and our daily forward curves.
ACCU prices climb past January to new year-to-date highs as natural compliance buyers support higher bids
Total traded volumes across the Australian exchange-traded and over the counter (OTC) carbon markets rose to 732k last week (+317k WoW), in line with the weekly average both over the current compliance YTD (743k) and ahead of the same period last year (667k over August 2024).
RepuTex’s Generic ACCUs (Market Close) assessmentended the week 1.25/t higher at $37.00/t (+2.6% WoW), 0.05/t above our Generic ACCU VWAP assessment ($36.95/t, +1.35/t WoW). Our HIR ACCU (Market Close) assessment settled at $36.95/t (+1.20/t WoW), 0.05/t above our HIR VWAP assessment
Unlock our award-winning research insights
Request access to learn more about our research services, or click here to register for free access to our articles and price information.