2/25/97
Cantor Environmental Brokerage
One World Trade Center, New York, NY 10048 * Phone (212) 938-4250; 1-800-228-2955
* Fax (212) 938-4252
SO2 Allowance Price Indications
CANTOR FITZGERALD MARKET PRICE INDEX: $101.91
(Call 212 938-4250 for description)
|
Bids |
Offers |
Trades |
MPI |
| Price/Volume |
5,000 @ |
$101.00
======== |
5,000 @ |
$106.00
======== |
Not Listed
============ |
|
| Weighted Average |
|
$101.00 |
|
$106.00 |
$98.74 |
$101.91 |
|
* Bid and offer for vintage 1996 allowances.
Immediate Settlement:
|
Period of Stream |
Best Prices ($/Allowance) |
Maximum Volume |
|
| Term |
Start |
|
End |
Bid to Buy |
Offer to Sell |
Bid |
Offered |
|
1 year
1 year
1 year
1 year
1 year
1 year
1 year
1 year
1 year
5 year |
1997
1997
1998
1999
2000
2001
2002
2003
2004
2000 |
through |
2004 |
$101.00
$99.50
$100.00
$99.75
$99.50
$99.00
$98.50
$98.00
$97.60
$98.00 |
$106.00 |
5,000
20,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
2,000 |
10,000 |
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances/yr |
|
Swaps:
| Swap Ratio’s against vintage 1997 allowances |
| |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
|
| |
1.00% |
1.25% |
1.50% |
2.00% |
2.50% |
3.00% |
3.50% |
4.00% |
5.00% |
|
|
| DISCLAIMER: ALL PRICES ARE MERELY INDICATIONS OF INTEREST, DO
NOT REPRESENT FIRM BIDS AND OFFERS AND THEIR TERMS ARE SUBJECT TO
CHANGE WITHOUT NOTICE. THE ABILITY TO EFFECT TRANSFER OF ALLOWANCES
IS SUBJECT TO THE FINAL PROCEDURES GOVERNING THE TRANSFER OF ALLOWANCES
WITHIN THE ENVIRONMENTAL PROTECTION AGENCY'S ALLOWANCE TRACKING SYSTEM
AND CANTOR FITZGERALD'S POLICIES AND PROCEDURES IN EFFECT FROM TIME
TO TIME. |
Market Beat...
The Cantor Fitzgerald MPI moved up strongly for the second month in a row
to reach $101.91, a 5.45% increase from January. This is the first time
the MPI has been above the century mark since December, 1997. After breaking
the $100 mark, trading thinned out significantly. Sellers raised their expectations
and competitive offers became scarce. Bid interest above $100 appears to
thin. The promise of 250,000 allowances at the EPA auction is helping keep
prices in check. The market appears poised for a reversal leading into auction,
as Buyers appeared willing to close-out positions above $100, but do not
appear interested in chasing the price upward any further.
Cantor Fitzgerald EPA Auction Service !!!
Once again, Cantor Environmental Brokerage is using its unique position as an
affiliate of a clearing member of the Chicago Board of Trade to submit
bids in the EPA Auction on behalf of our customers. Cantor Environmental Brokerage's auction
service provides an inexpensive, efficient and safe way to participate
in the EPA auction, while protecting your anonymity.
For details call 212-938-4250
|
Cantor Environmental Brokerage Serves All Your Air Credit Trading Needs...
In addition to brokering Title IV SO2 emission allowances, Cantor Environmental Brokerage is the leading broker of Title I air credits (NOx, SOx, VOC, CO, PM10).
In addition, we execute market assessment studies, and provide a complete
array of services needed by companies wishing to take full advantage of
their air credit market opportunities.
Cantor Environmental Brokerage Staff and Phone Numbers...
| Carlton Bartels, Managing Director |
New York |
direct phone line |
212-938-4250 |
| Josh Margolis, Senior Vice President |
San Francisco |
direct phone line |
415-925-8591 |
| Robin Langdon, Vice President |
San Francisco |
direct phone line |
415-925-8592 |
| Nancy Weitz, Associate |
New York |
direct phone line |
212-938-4250 |
| Christine Grandstaff, Associate |
Los Angeles |
direct phone line |
714-597-0517 |
All Cantor Environmental Brokerage offices can be reached by calling 1-800-228-2955,
or by E-mail at Cantor Environmental Brokerage@cantor.com
Questions/Comments? E-mail Josh
Margolis
|
