Westpac Carbon Update Archive

Carbon hits new low

25 May 12 - NZU prices have traded at all-time lows this week, Westpac reports.

Window for switching credits closing fast'

18 May 12 - NZU prices have remained on their recent lows over the week, Westpac reports.

Prices continue their fall

11 May 12 - NZU prices hit another low this week, touching $6.20, Westpac's carbon team says.

Local market at record lows

4 May 12 - The NZU market is trading at record lows, with the mid NZU price at around NZD 6.60, Westpac reports.

Slow-down in European market

27 Apr 12 - CER prices have been relatively range-bound over the past couple of weeks, Westpac reports.

Quiet week in the market

20 Apr 12 - Activity in the New Zealand carbon market has been relatively subdued, despite last week’s release of the Government consultation document.

Margin attracts buyers

5 Apr 12 - The margin of NZUs over cheaper European units continues to attract sellers looking to swap credits, Westpac reports.

Market watching for rule changes

23 Mar 12 - It's been a volatile week in the European carbon markets, with both EUAs and CERs ending the week down (with one more day to go), Westpac says.

Shortage of NZUs in market

16 Mar 12 - International carbon markets had a rocky start to the week, as Poland vetoed an EU vote to cut greenhouse gas emissions by 80 per cent by 2050, and rumours circulated that China had forbidden...

Trading volumes light

9 Mar 12 - This week's trading volumes have been noticeably light across both local and international carbon markets, Westpac says.

CERS lower after EU vote

2 Mar 12 - The main focus for the carbon markets this week was the much-heralded European vote to signal support for the option of withholding some European Unit Allowances (EUAs) from the European ETS, Westpac...

Carbon prices sailing choppy seas

24 Feb 12 - This week has seen choppy trading in NZD carbon, Westpac reports.

A good week for carbon

17 Feb 12 - It has been a good-news week for holders of carbon, with NZU prices rising 16 per cent to finish the week around NZD8.

Prices ride the rocky road

10 Feb 12 - NZD carbon prices have continued their rocky road over the past week, moving to two-month highs before softening and giving back much of these gains towards the latter part of the week, Westpac...

Carbon hits a six-week high

3 Feb 12 - Carbon prices have seen a lift this week on the back of a more upbeat tone out of Europe, Westpac reports.

Better off with a barbie

27 Jan 12 - It continues to be a quiet start to the new year, with many market participants more excited about a barbie at the beach than the price action in carbon markets, Westpac says.

Market picks up - a little

20 Jan 12 - We have witnessed a slight rise in volumes this week, with more participants having returned from their summer holidays

Prices take dramatic slide

16 Dec 11 - NZD carbon prices have had a dramatic slide this week, with NZUs posting a new low of $7.60 before recovering to the current levels, around $8.30, Westpac reports.

What's it all about?

9 Dec 11 - This week Westpac explains some of the finer points of the international carbon market.

Market gets a little bit busier

2 Dec 11 - The New Zealand carbon market has seen a slight up-tick in activity this week as NZD carbon prices moved into new territory below NZD11, says Westpac.

25 Nov 11  Carbon trading hits record lows

18 Nov 11  Small rally, but trading muted

4 Nov 11  NZ carbon hits new low

28 Oct 11  Carbon rallies on news from Europe

21 Oct 11  Carbon price hits all-time low

7 Oct 11  Banning industrial gas units the way to go

30 Sep 11  Carbon dips below $14

23 Sep 11  Global prices driving NZUs

16 Sep 11  Sales light, but price improves

9 Sep 11  Few trades, fickle market

2 Sep 11  NZ carbon back in the low $15s

26 Aug 11  Testing time, but price improves

19 Aug 11  Prices choppy - and likely to remain so

12 Aug 11  At last, a little light relief

5 Aug 11  Carbon sheds $2

29 Jul 11  CERs still the unit of choice

22 Jul 11  Sedate prices for NZ carbon

15 Jul 11  Some trading, but prices on the slide

8 Jul 11  A slow week on the NZU market

1 Jul 11  International price plunge slows

24 Jun 11  It's all one way ... down

17 Jun 11  Lack of demand drops NZU prices

10 Jun 11  Market settles into Mexican stand-off

3 Jun 11  Slow market waits for new direction

27 May 11  NZU price drops on murky market

20 May 11  NZUs slip further

6 May 11  Prices creep higher

29 Apr 11  Stable week for NZUs

21 Apr 11  Looming surrender date affects prices

15 Apr 11  CERs 'out of the equation'

8 Apr 11  No softening in price of NZUs

1 Apr 11  NZ carbon consolidating

25 Mar 11  NZU prices stabilise in the low $20s

18 Mar 11  Golden period for sellers

11 Mar 11  Emitters swapping CERs for NZUs

4 Mar 11  Two views on NZU prices

25 Feb 11  Buyers dominate market

18 Feb 11  Buyers moving in to snap-up NZUs

11 Feb 11  It's a buyer's market ... for now, at least

4 Feb 11  NZU market drifts back

28 Jan 11  Buyers active as Chinese New Year looms

21 Jan 11  Market picking up for new year

17 Dec 10  NZU prices hold up against CERs

10 Dec 10  Sellers looking to monetise holdings

3 Dec 10  Demand for NZUs softens as CER price falls

26 Nov 10  Volume picks up, says Westpac

19 Nov 10  Buyers accruing liabilities faster than they can buy NZUs

12 Nov 10  More spot and forward trades as supply increases

5 Nov 10  Supply shortfall may begin to ease

29 Oct 10  NZ interest growing in CERs

22 Oct 10  Tenders an option...in right circumstances

15 Oct 10  Current situation not ideal, but outlook for buyers positive

8 Oct 10  Demand building, but little evidence of increased prices

1 Oct 10  Mexican stand-off in market, says Westpac

24 Sep 10  Supply could be just around the corner, says Westpac

17 Sep 10  A great time for sellers

10 Sep 10  Parcels in 19s, but trading still light

3 Sep 10  Spot market thin, but talk of forward trades

27 Aug 10  Supply light on local market

20 Aug 10  Trade in NZUs remains light

13 Aug 10  Local trading picks up

6 Aug 10  Buyers holding off, says Westpac

30 Jul 10  Trade light in NZUs