Markets: All stories
Register handles 10 million units
4 Jul 2014
More than 10 million carbon units were transferred on the New Zealand register last month – the lowest number since January.
NZUs stuck
2 Jul 2014
Another quiet day yesterday for Spot NZUs as the market fixed at $4.17 on CommTrade. OMFinancial reports:
Good support for NZUs in $4 range
30 Jun 2014
Spot NZUs are steady, closing at $4.20 on light volume. OMFinancial reports:
All quiet on carbon front
27 Jun 2014
NZUs remain quiet, with many participants absent from the market. OMFinancial reports:
NZUs trade up to $4.20
19 Jun 2014
Spot NZUs turned around yesterday, trading up to $4.20. OMFinancial reports:
NZUs trade to the low $4s
18 Jun 2014
Spot NZUs continued to trade down on small volume, hitting $4.10 with good volume on the bid at $4 and below. OMFinancial reports:
NZUs sell down on small volume
17 Jun 2014
Spot NZUs have fallen further this morning on small volume, trading at $4.30. OMFinancial reports:
NZUs consolidate in the mid-$4’s
16 Jun 2014
Spot NZUs look to consolidate in the mid-$4s as buyers retreat. OMFinancial reports:
Light volume on NZ market
13 Jun 2014
Spot NZUs sold off yesterday on very light volume – there is a small amount of NZUs looking for a home. OMFinancial reports:
NZUs - some selling appears
11 Jun 2014
Spot activity remains subdued with another Mexican standoff developing as buyers retreat and some sellers appear look for bids. OMFinancial reports:
NZUs consolidate
9 Jun 2014
NZUs continue to consolidate around the $5 level with some buyers still expecting the market to correct back toward $4 and very few sellers wanting to sell at $5. OMFinancial reports:
Carbon world roundup
6 Jun 2014
Westpac's carbon desk takes a look over events in the world of international carbon.
We are going higher...
6 Jun 2014
The market traded up to $5.05 on small volume yesterday - it was more drifting than rising or falling. OMFinancial reports:
Carbon closes on $4.85
5 Jun 2014
Spot NZUs were bid up yesterday, as buying interest returned to the market. OMFinancial reports:
NZUs down 20 cents yesterday
4 Jun 2014
The Greens announcement that it would replace the Emissions Trading Scheme with a carbon tax has definitely taken the wind out of the sails of Spot NZUs. OMFinancial reports:
NZUs look to consolidate
3 Jun 2014
Spot NZUs closed at $5 and look to consolidate here which is no surprise given the recent run. OMFinancial reports:
Spot NZUs break $5 for first time in two years
29 May 2014
Spot NZUs broke $5 yesterday on good volume, and closed at $5.20. OMFinancial reports:
Carbon prices on steady upward path
23 May 2014
Domestic carbon prices are up 25 per cent on last week – and are still climbing.
NZUs – there is little or no supply at current levels
23 May 2014
The market yesterday opened at $4.10 and edged up throughout the day to close at $4.30. OMFinancial reports:
NZUs top $4
20 May 2014
NZUs finished at $4.15 on CommTrade yesterday, as the market continued to search for supply. OMFinancial reports:
NZUs trade up on back of forestry announcement
19 May 2014
The main regular supply of NZUs dried up on Friday, after the Government announced that post-1989 forest owners could not de-register (and re-register) with ERUs, effective immediately. OMFinancial reports:
May $5 call trades at 45 cents
15 May 2014
NZUs held above $3.10, closing at $3.16 on thin trade on CommTrade. OMFinancial reports:
NZUs move into a new range
14 May 2014
NZUs touched $3.16 yesterday as fresh buying entered the market and selling of recent days dissipated. OMFinancial reports:
NZUs move to top of recent range
13 May 2014
NZUs are trading at the top end of the recent range, finishing last week at $3.11. OMFinancial reports:
Market trades 34 million carbon credits
9 May 2014
Nearly 34 million carbon credits were traded on the New Zealand market last month – up 10 million on the previous month but down on the same time last year.
California moves on offset units
9 May 2014
California issues the first round of second-generation offset units (CCO3s), and the United States and China hold high-level talks on climate change as that country looks to expand its pilot emissions trading schemes.
Pressure on prices
8 May 2014
NZUs were bidding towards the top of the recent range this morning, as the market went in search of volume. OMFinancial reports:
NZUs still in the range
7 May 2014
The market feels like it wants to trade higher. OMFinancial reports:
NZUs trade the higher end of the range
6 May 2014
NZUs traded at $3.09 yesterday. OMFinancial reports:
NZUs tick up
5 May 2014
NZUs ticked up on Friday and closed $3.05 with the market closing $3 bid versus $3.09 offer. OMFinancial reports:
It's surrender month
2 May 2014
CommTrade fixed at $3.02 yesterday on a very quiet day. OMFinancial reports:
NZUs home on the range
1 May 2014
Small trades yesterday, as spot NZUs bedded down in the $3.00-to-$3.10 range. OMFinancial reports:
NZUs stay in trading range
29 Apr 2014
Spot NZUs traded between $3.05 and $3.09 yesterday on reasonable volume with good two-way interest in the market. OMFinancial reports:
NZUs continue to trade $3.00-$3.10
24 Apr 2014
NZU trading was quiet yesterday with no permits changing hands. OMFinancial reports:
NZUs continue to trade $3.00-$3.10
23 Apr 2014
New Zealand carbon remains quiet with very little happening. OMFinancial reports:
NZUs edging up but quiet
11 Apr 2014
Spot NZUs edged up yesterday to close at $3.07. OMFinancial reports:
NZUs trading a range
9 Apr 2014
We saw some action at $3.06 yesterday, and the market closed pretty tightly on CommTrade at $3.06/$3.08. OMFinancial reports:
March busy month for trading carbon units
4 Apr 2014
TWENTY-THREE million carbon units were traded on the New Zealand market last month.