SO2 EA and NOx EA
February
2005 |
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What are the Cantor Environmental Brokerage SO2 EA and NOx EA
MPIs? |
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The Cantor Environmental Brokerage Market Price Indices (MPIs)
are prices that reflect current market conditions for Clean
Air Act Title IV SO2, and Section 126/NOx SIP Call emission
allowances (EAs). The MPI is an average of the following three
numbers (where available) (Note: fees and commissions are not.
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RECENT TRANSACTION
PRICE
Prices from the most recent transactions (sales, swaps,
and options) either executed by Cantor Environmental Brokerage
and/or reasonably believed by Cantor Environmental Brokerage
to have occurred. Also note that the MPI does not include
transactions that are reported as retirements or facility
changes of ownership because such transactions may not
be reflective of current market conditions.
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Lowest Offer Price
Lowest price, reported to Cantor Environmental Brokerage,
at which a seller is willing to sell.
Highest Bid Price
Highest price, reported to Cantor Environmental Brokerage,
at which a buyer is willing to buy.
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If you would like to receive this bulletin as an e-mail
attachment in Adobe format please fax this to 203-662-3643
with your e-mail address listed below, or send an email
to apaton@cantor.com. |
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For More Information
Call (203) 662-3638
19 Old Kings Highway South, Darien, Connecticut 06820
Fax (203) 662-3643
www.emissionstrading.com
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Note:
All information contained here is obtained by Cantor
Environmental Brokerage from sources believed to be
accurate and reliable. However, because of the possibility
of human and mechanical errors, as well as other factors,
such information is provided "as is" without
warranty of any kind and Cantor Environmental Brokerage,
in particular, makes no representation or warranty as
to the accuracy, timeliness, or completeness of this
information. Under no circumstance shall Cantor Environmental
Brokerage have any liability to any person or entity
for (a) any loss or damage in whole or in part caused
by, resulting from, or relating to any error (negligent
or otherwise) or other circumstance involved in procuring,
collecting, compiling interpreting, analyzing, editing,
transcribing, transmitting, communicating, or delivering
any such information, or (b) any direct, indirect, special,
consequential, or incidental damages whatsoever even
if Cantor Environmental Brokerage is advised in advance
of the possibility of such damages, resulting from the
use of, or inability to use, any such information. The
data and information contained herein are, and must
be construed solely as statements of opinions and not
statements of fact or recommendations to purchase, sell,
or hold SO2 or NOx EAs. All prices are merely indications
of interest, do not represent firm bids and offers,
and their terms are subject to change without notice.
NOWARRANTY, EXPRESS OR IMPLIED, AS TO THE ACCURACY,
TIMELINESS, COMPLETENESS, MERCHANTABILITY, OR FITNESS
FOR ANY PARTICULAR PURPOSE OF ANY SUCH DATA OR INFORMATION
OROTHER OPINION IS GIVEN OR MADE BY CANTOR ENVIRONMENTAL
BROKERAGE IN ANY FORM OR MANNER.
For information on trading SCAQMD RTCs
and/or ERCs, SJVAPCD and BAAQMD ERCs, Illinois ATUs,
ERCs, DERs, or Sewerage Facilities Charge Credits please
visit or call 1-800-228-2955 ext. 1, 2, 4, 6, 7, 8,
or 9. For information on trading HGA NOx Allowances,
call 800-228-2955 ext. 13 or 14. For information on
trading NOx Section 126/NOx SIP Call Allowances, and
SO2 Allowances call (203) 662-3638 or 800-228-2955 ext.
6 or 12. For information regarding Greenhouse Gas Credits
visit , or call 800-228-2955 ext. 10. |
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February
2005
CANTOR ENVIRONMENTAL BROKERAGE
SO2
EA Market Price Index |
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February
2005
CANTOR
ENVIRONMENTAL BROKERAGE
NOx
EA Market Price Index |
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| BEST
BIDS TO BUY |
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BEST
OFFERS |
| 2004 |
50 tons |
$2,400/ton |
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2004 |
50 tons |
$2,500/ton |
| 2005 |
50 tons |
$3,450/ton |
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2005 |
50 tons |
$3,500/ton |
| 2006 |
50 tons |
$3,625/ton |
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2006 |
50 tons |
$3,700/ton |
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RECENT TRADE PRICES
January 26, 2004 - February 25, 2005 |
| V05 for $3,475/ton x2 |
V06 for $3,550/ton |
V05 for $3,250/ton |
V07 for $3,100/ton |
V07 for $3,125/ton |
| V05 for $3,500/ton |
V06 for $3,500/ton |
V05 for $3,340/ton |
V07 for $3,175/ton x2 |
V07 for $3,100/ton |
| V05 for $3,525/ton x2 |
V05 for $3,375/ton |
V05 for $3,360/ton |
V07 for $3,200/ton |
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| V05 for $3,500/ton |
V07 for $2,825/ton |
V06 for $3,550/ton |
V05 for $3,400/ton |
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| V05 for $3,450/ton |
V07 for $2,850/ton |
V06 for $3,575/ton |
V05 for $3,400/ton |
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| V05 for $3,500/ton |
V07 for $2,875/ton x2 |
V04 for $2,400/ton x2 |
V05 for $3,450/ton |
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| V06 for $3,625/ton |
V07 for $2,925/ton |
V05 for $3,425/ton |
V05 for $3,475/ton x5 |
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| V05 for $3,450/ton |
V05 for $3,375/ton x5 |
V05 for $3,450/ton x2 |
V06 for $3,600/ton |
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| V05 for $3,475/ton x4 |
V06 for $3,550/ton |
V06 for $3,650/ton |
V06 for $3,650/ton |
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| V06 for $3,500/ton |
V07 for $2,950/ton x2 |
V06 for $3,625/ton
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V05 for $3,475/ton |
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| V06 for $3,525/ton x2 |
V05 for $3,350/ton |
V07 for $2,975/ton x2 |
V06 for $3,650/ton |
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| V06 for $3,550/ton |
V05 for $3,325/ton x2 |
V07 for $3,000/ton |
V05 for $3,475/ton |
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| V06 for $3,575/ton x4 |
V05 for $3,300/ton x2 |
V07 for $3,025/ton |
V07 for $3,125/ton |
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| V05 for $3,450/ton |
V05 for $3,275/ton x4 |
V07 for $3,050/ton x2 |
V06 for $3,500/ton |
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| V05 for $3,425/ton |
V04 for $2,350/ton x2 |
V07 for $3,075/ton |
V06 for $3,475/ton |
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| MARKET INDEX PRICE |
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2004
$2,425/ton |
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$78 |
256 tons
trade this month |
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2005 $3,458/ton |
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$86 |
3,281 tons trade
this month |
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| 2006 $3,632/ton |
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$90 |
1,220 tons trade
this month |
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2007 $3,082/ton |
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$162 |
1,420 tons trade
this month |
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February
2005
CANTOR
ENVIRONMENTAL BROKERAGE
Market
News |
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Volatility hits February Emissions markets
February’s emissions markets were volatile on some days and very quiet on others. Prices started off the month at higher levels than at the end of the month with many traders awaiting more government data later this spring.
NOx markets sold off in the middle of the month as traders
and naturals liquidated positions in V05 and V06. Several trades
also took place between the two vintages as |
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premiums
for V05 disappeared and reversed
to a 150 dollar discount to the later vintage. A
large volume of trades occurred in V07 as that vintage
is trading presently at a 500 dollar discount to V06. Traders
continue to access values for the later vintages with relatively
few trades taking place past V07. So2 was also volatile
as several days saw 50 dollar value swings between the
low and high prints of the day. Market sources have said
they are waiting for auction data later this year to decide
which positions they want to hold going into the balance
of the year.
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Spot markets were mostly traded as very few traders were interested in concluding
deals in V06 and V08. |
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