MPI
10/24/97
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
View Market Price
Index Guidelines
CANTOR FITZGERALD MARKET PRICE INDEX: . . . $103.65
(Call 212 938-4250 for description)
|
Bids |
Offers |
Trades |
MPI |
| Price/Volume |
20,000 @ |
$102.50
======== |
1,000 @ |
$107.00
======== |
$101.45
============ |
|
| Weighted Average |
|
$102.50 |
|
$107.00 |
$101.45 |
$103.65 |
|
* Bid and offer for vintage 1997 allowances.
Immediate Settlement:
|
Period of Stream |
Best Prices ($/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
15 Years |
1997
1997
1998
1999
2000
2001
2002
2003
2004
2010 |
through |
2024 |
$102.50
$100.00
$101.49
$101.23
$100.99
$100.49
$100.00
$99.51
$99.03
$35.00 |
$107.00
$110.00
$82.50 |
20,000
10,000
2,500
2,500
2,500
2,500
2,500
2,500
2,500
500 |
1,000
10,000
500 |
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances
Allowances/yr |
|
Options:
|
Bid/Offer |
Type |
Vintage |
Expiration |
Strike Price |
Premium |
1)
|
Offer
|
Call
|
1998 -05
|
July of each vintage year
|
$99 for vintage 1998
to
$176 for vintage 2005 |
$18.00/EA
|
Swaps:
| Swap Ratio's against vintage 1997 allowances |
| |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
'07-00 |
'10-24 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Offer |
1.00% |
1.25% |
1.50% |
2.00% |
2.50% |
3.00% |
3.50% |
4.25% |
5.00% |
6.50% |
12.00% |
|
| 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 down to $103.65 in the month of October
a 0.45% decrease from September. The SO2 market has experienced a general
imbalance during this month. While the majority of demand is stacked below
$100.00, couple of buyers stepped up their bids over $100.00 level throughout
the first three weeks of October fearing a market rally during the last
quarter of the year. Consequently, few sellers were encouraged to step in
to satisfy their needs which created a moderate trading atmosphere. The
market trading range was $100.00 to $106.00. Several market participants
are forecasting the $110.00 to be the next resistance level. The last week
of the month is expected to be quiet due to the EMA conference in Phoenix,
Arizona.
Our Web Site: www.cantor.com/Cantor Environmental Brokerage/
Our site shows price indications for all of the major air emission trading
markets. We welcome your comments on how we can improve our site to better
serve your needs.
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 212-938-4250
|
We are pleased to announce that Mr. Anthony J. Masso, Esq. has
recently joined our group. Mr. Masso brings with him a background in Environmental
Law, litigation and contracts and will make a welcome addition.
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 |
714-597-0517 |
| Jude Moussa, Associate |
New York |
direct phone line |
212-938-4250 |
| Anthony Masso, Associate |
New York |
direct phone line |
212-938-4250 |
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
|
