SO2 EA and NOx EA
June 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 factored into the MPI.)
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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 212-308-3763
with your e-mail address listed below, or send an
email to lkisling@cantor.com. |
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For More Information
Call (212) 829-5460
110 East 59th Street, New York, New York 10022
Fax (212) 308-3763
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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June
2005
CANTOR ENVIRONMENTAL BROKERAGE
SO2
EA Market Price Index |
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June
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 |
$1,950/ton |
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2004 |
50 tons |
$2,025/ton |
| 2005 |
50 tons |
$2,050/ton |
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2005 |
50 tons |
$2,100/ton |
| 2006 |
50 tons |
$2,600/ton |
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2006 |
50 tons |
$2,700/ton |
| 2007 |
50 tons |
$2,550/ton |
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2007 |
50 tons |
$2,575/ton |
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RECENT TRADE PRICES
May 26, 2004 - June 25, 2005 |
| V05 for $2750/ton |
V07 for $2700/ton |
V05 for $2150/ton |
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| V05 for $2750/ton |
V05 for $2425/ton |
V06 for $27250/ton |
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| V05 for $2763/ton |
V05 for $2400/ton (x2) |
V06 for $2750/ton |
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| V05 for $2750/ton |
V06 for $2750/ton |
V05 for $2150/ton (x2) |
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| V06 for $3125/ton |
V06 for $2700/ton (x2) |
V05 for $2125/ton |
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| V06 for $3100/ton |
V06 for $2600/ton |
V05 for $2100/ton (x2) |
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| V04 for $2275/ton |
V05 for $2250/ton |
V06 for $2675/ton (x2) |
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| V04 for $2250/ton |
V04 for $2000/ton |
V05 for $2750/ton |
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| V04 for $2225/ton |
V05 for $2225/ton |
V04 for $1900/ton |
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| V05 for $2725/ton (x2) |
V05 for $2175/ton |
V07 for $2550/ton
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| V05 for $2600/ton |
V05 for $2125/ton (x2) |
V04 for $1950/ton (x2) |
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| V06 for $3000/ton (x4) |
V05 for $2200/ton |
V07 for $2250/ton |
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| V06 for $2875/ton |
V06 for $2650/ton |
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| V06 for $2900/ton |
V06 for $2700/ton |
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| V06 for $2850/ton |
V06 for $2725/ton |
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| MARKET INDEX PRICE |
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2004
$2,009/ton |
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$291 |
377
tons trade this month |
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| 2005 $2,168/ton |
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$682 |
1,835 tons trade
this month |
| 2006 $2,708/ton |
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$523 |
1,000 tons
trade this month |
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2007 $2,571/ton |
N/A |
N/A |
200 tons
trade this month |
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June
2005
CANTOR
ENVIRONMENTAL BROKERAGE
Market
News |
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NOx Continues Slide
Despite above average
temperatures throughout the
Northeast and Midwest this
month NOx prices continued
their downward plunge. Bid
support continued to wane as
many market players continued
to stand by their assessment that
there is an over supply in the
current vintage year. V05 NOx
is down $680 dollars from last
month and the spread between
V05 and V06 NOx has widened
even further to $600. The spread
between V05 and banked
allowances has continued to |
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collapse. There has been very
little interest expressed in
allowances after 2006 with only
a couple of trades occurring in
V07.
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SO2 Drops and Stabilizes
SO2 market was fairly active in
the beginning of the month as
prices fell from $790 to a mid
month low of $730. However
prices have been relatively stable
staying range bound between
$745 and $760 with only a
handful of transactions over the
past couple of weeks. There also
has been an increase of demand
for later year vintages with trades
reported in V06, V07 and V08 as
players continue to evaluate their
future year needs. |
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