Spot ACCU prices reached a new year-to-date (YTD) high early last week, while derivatives volumes rose to a 3-month high, led by increased options activity – particularly longer-dated puts. Notably, weekly spot volumes have trended lower over the past three weeks, coinciding with declining price volatility. With November 2024 the most constructive month for prices, however, the next few weeks may yet see a break from current patterns, subject to expected increasing issuance into year end.
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.
