Short term volatility; longer term more certainty

Traders note a very volatile CO2 price trend and don't know what to expect tomorrow; neither do we.... These days very active traders may loose some ground indeed. Nevertheless, traders that need to ensure long term compliance for their clients can feel more certain. The overall perspective for 2020 didn't change much. For news on tighter CER supply we had news on greater shortage when aviation links up. Moreover, this shortage combined with the strategy of banking extra allowances when prices fall, will make long term prices remain between Euro 35 and Euro 40. So, today's contract for 2014, noted at the ECX for Euro 32 looks interesting!