Markets: All stories
Our ETS is working ... but is it effective?
4 Apr 2014
IS THE Emissions Trading Scheme working and will it be more effective after the forthcoming election?
Groundhog Day or calm before storm?
4 Apr 2014
Another quiet day on the NZ market. The market settled at $3.07 for spot and circa $3.60 for thuird quarter 2015 NZUs. OMFinancial reports:
NZUs – The ebb continues
2 Apr 2014
Yesterday was similar to Monday; a few spot NZUs flowed through around the fix of $3.07. OMFinancial reports:
NZUs maintain $3.10 level
1 Apr 2014
NZUs hold at $3.10 but trading remains subdued. OMFinancial reports:
NZUs are a buy
31 Mar 2014
Local carbon market was firmer on Friday, trading at 3.10 for 50k. OMFinancial reports:
Market remains quiet
28 Mar 2014
It was another quiet day for New Zealand carbon yesterday, with CommTrade fixing at $3.06 for Spot NZUs. OMFinancial reports:
International wrap-up
28 Mar 2014
WESTPAC'S carbon desk takes a look at developments on international markets.
Buying interest in NZUs
27 Mar 2014
It was a quiet day yesterday, with little trading in NZUs. OMFinancial reports:
Spot NZUs still over $3
26 Mar 2014
Spot NZUs closed again at $3.07, circa 50k volume. OMFinancial reports:
NZUs find support at $3
25 Mar 2014
The local carbon market continues to find support above $3, closing at $3.07. OMFinancial reports:
NZUs remain above $3
24 Mar 2014
Spot NZUs remained above $3 on Friday fixing at $3.07 on CommTrade. OMFinancial reports:
NZUs trade good volume around $3.05
21 Mar 2014
A good volume day yesterday, with 100,000 tonnes trading between $3.05 and $3.10. OMFinancial reports:
Prices consolidate in quiet market
20 Mar 2014
Spot NZUs consolidated yesterday, finishing at $3.00, but overall the market is very quiet. OMFinancial reports:
Speculators back in the market
18 Mar 2014
It was a quiet start to the week for local carbon yesterday. OMFinancial reports:
NZUS bounce of $2.90
17 Mar 2014
Spot NZUs closed at $3.00 Friday after starting the day lower. OMFianncial reports:
NZUs bounce off $2.90
14 Mar 2014
Carbon bounced back toward $3 today as some took advantage of recent lows. OMFinancial reports:
NZUs trade below $3
13 Mar 2014
NZUs closed at $2.90 on reasonable volume yesterday. OMFinancial reports:
NZUs trade at $3 and may test high $2s
12 Mar 2014
The market dealt $3 yesterday for nearly 100k. OMFinancial reports:
Spot NZUs attract good volumes
10 Mar 2014
NZUs remain very well bid and offered. OMFianncial reports:
Carbon credit trading close to 12 million
7 Mar 2014
Nearly 12 million carbon credits were traded on the domestic carbon market last month.
What's happening on international markets
7 Mar 2014
Westpac traders take a look at developments in international carbon market:.
Stand-off sets in on the spot market
7 Mar 2014
We are seeing a classic Mexican standoff in the spot NZU market -100K on the offer at $3.10, facing similar bids at $3.05. OMFinancial reports:
NZUs well-supported at $3
6 Mar 2014
Smalls traded in NZUs yesterday; the bid and offer have healthy volumes at present. OMFinancial reports.
NZUs down to $3, but European carbon about to soar
5 Mar 2014
NZUs touched $3.05 yesterday on decent volume, and closed at $3.05/$3.10 on CommTrade. OMFinancial reports:
Carbon likely to rise under Labour or National
4 Mar 2014
NZUs traded at $3.10 again yesterday, as some post-1989ers continue to sell down. OMFinancial reports:
NZUs might dip, but Europe firm
3 Mar 2014
NZUs hit $3.10 on Friday, predominately on switching activity, but a small amount of outright selling contributed. OMFinancial reports:
Could world carbon prices rise 66% this year?
27 Feb 2014
NZUs traded $3.15 yesterday on reasonable volume. OMFinancial reports:
Looking at carbon options
26 Feb 2014
There has been quite a bit of interest expressed recently about trading in NZU Options. OMFinancial reports:
Market slowing as we head to surrender time
25 Feb 2014
Spot closed at $3.30 yesterday, and the May 2015 forward dealt at $3.60, which is in line with carry. OMFinancial reports:
NZUs languish while US and Europe climb
24 Feb 2014
Spot NZUs closed at $3.30 on Friday on small volume, although it looked like there was more supply in the wings. OMFinancial reports:
Turmoil across the Tasman will be felt here
21 Feb 2014
By WAYNE KING. Australia’s media is drip-feeding news and commentary on the economic downturn in Australia - particularly in energy developments, the political turmoil revolving around the current Renewable Energy Target and the current policies related to a price on carbon, through the Carbon Price Mechanism and other initiatives.
NZUs trade up
21 Feb 2014
It was a mixed day yesterday, with the market starting off weaker, at $3.25, but it got progressively paid through the day to close at $3.40. OMFinancial reports:
Some selling of ERUs
20 Feb 2014
We saw a bit of selling come through on spot NZUs yesterday, as long-waited supplies of ERUs hit the market, allowing those post-1989ers looking to exit the ETS to complete their arbitrage by selling a portion of NZUs to acquire ERUs. OMFinancial reports:
NZUs consolidating
19 Feb 2014
NZUs edged down yesterday, on small volume coming from the Post-1989 exiters. OMFinancial reports:
Market poised to move higher?
18 Feb 2014
A day of consolidation yesterday, as Spot NZUs fixed at $3.37 on CommTrade. OMFinancial reports:
Low NZU prices hard tojustifty
17 Feb 2014
The NZU market edged higher again Friday, as sellers retreated. OMFinancial reports:
CDM verifier pulls out as market collapses
14 Feb 2014
The largest verifier of CDM projects is pulling out, as the market for carbon units from international projects to cut emissions in developing countries collapses.
Land-use change still attractive
14 Feb 2014
We saw another small rise in NZUs yesterday, up to $3.30. OMFinancial reports:
Westpac world markets wrap
14 Feb 2014
It's surrender time in Australia, election time in New Zealand and reduction time in Europe.
NZUs up, but thin on offer
13 Feb 2014
NZUs bumped up a little yesterday, trading $3.25 and finishing $3.25-$3.30 on CommTrade. OMFinancial reports:
Market consolidates
12 Feb 2014
The New Zealand market consolidated yesterday as more bidding came into the market, but sellers were absent. OMFinancial reports:
NZU selling drying up
11 Feb 2014
Another quiet day for the local carbon market, with NZUs priced at $3.20/$3/25 on CommTrade. OMFinancial reports:
Market quiet for Waitangi holiday
10 Feb 2014
NZUs dealt in the low $3s in holiday-affected trade late last week.
Number of surrendered NZUs plummets
7 Feb 2014
The number of NZUs used for surrender plummeted last year to fewer than a million.
Prices firm in Europe
7 Feb 2014
The European market is very firm, with EUAs for December 2014 delivery finished up 38 cents to €6.54. OMfinancial reports:
Carbon News publishes ten-year NZU forward curve
10 Dec 2025
Carbon News has published a new ten-year NZU forward curve mapping how carbon prices could evolve through to 2035 under a range of policy and market conditions.
