MPI 08/25/98
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
View Market Price Index Guidelines
CANTOR FITZGERALD MARKET PRICE INDEX: . . . $188.86
(Call 212 938-4250 or 800-228-2955 ext 5 for description)
|
Bids |
Offers |
Trades |
MPI |
Price/Volume |
5,000 @ |
$175.00 ======== |
5,000 @ |
$195.00 ======== |
not listed ============ |
|
Weighted Average |
|
$175.00 |
|
$195.00 |
$196.59 |
$188.86 |
|
* Bid and offer for vintage 1998 allowances.
Immediate Settlement:
|
Period of Stream |
Best Prices ($/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 15 Years |
1998 1999 2000 2001 2002 2003 2004 2005 2010 |
through |
2024 |
$175.00 $173.70 $172.84 $172.41 $171.57 $170.32 $169.08 $167.46 $35.00 |
$195.00
$85.00 |
5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 500 |
5,000
500 |
Allowances Allowances Allowances Allowances Allowances Allowances Allowances Allowances Allowances/yr |
|
Swaps:
Swap Ratio's against vintage 1998 allowances |
|
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
|
|
|
|
|
|
|
|
|
|
|
|
Offer |
0.75% |
1.25% |
1.50% |
2.00% |
2.75% |
3.50% |
4.50% |
5.50% |
6.75% |
8.50% |
10.25% |
|
Ratios for vintages beyond 2004 or for base years other than 1998 are available upon request. |
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 Monthly Price Index moved down $8.14 to $188.86 in August, a decrease of 4.13% from July. Many market participants realized what they have been wishing for in the past couple of months. A drastic drop in SO2 prices drew many players to participate in a frenzy of volatile trading activity. Seizing the opportunity, compliance buyers as well as profit takers stepped up their buying acitvity that drove prices back to a range between $175.00 and $195.00. The last trade was at $185.00.
As always Cantor Fitzgerald does not trade for its own account. All allowances purchased in the auction or traded in the open market are for our clients. It is Cantor’s policy to keep the identity of our clients and their positions in the market in strict confidence.
Greenhouse Gas Offsets and OPTIONS on Offsets Available !!!
Cantor Environmental Brokerage has assembled a portfolio of high quality offsets derived from a variety of sources. Prices range from $0.17 to $0.50 per ton of CO2 equivalent. Flexible payment terms, including Options on offsets are available.
For details call Jason Boseck at 212-938-4250 or 800-228-2955 ext. 5
|
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 |
415-296-9359 |
Robin Langdon, Vice President |
San Francisco |
direct phone line |
415-296-9495 |
Andrew Kruger, Vice President |
Stamford, CT |
direct phone line |
203-316-4036 |
Christine Grandstaff, Associate |
Los Angeles |
direct phone line |
949-597-0517 |
Jude Moussa, Associate |
New York |
direct phone line |
212-938-4250 |
Jason Boseck, Associate |
New York |
direct phone line |
212-938-4250 |
|