ETS prices defy rise in gas prices as Middle East conflict continues

Fastmarkets

Mar 12

European allowances (EUA) are the units traded in the EU’s Emission Trading System (ETS). Market participants are required to purchase one EUA for every tonne of carbon they emit covered by the ...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2618135422"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2618135422\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2618135422?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-12 12:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2618135422","market":"us","top_or_hot":-1,"title":"ETS prices defy rise in gas prices as Middle East conflict continues","media":"Fastmarkets","content":"<div>\n<p>European allowances (EUA) are the units traded in the EU’s Emission Trading System (ETS). Market participants are required to purchase one EUA for every tonne of carbon they emit covered by the ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/ets-prices-defy-rise-in-gas-prices-as-middle-east-conflict-continues/\">Source Link</a>\n\n</div>\n","source":"fastmarkets_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ETS prices defy rise in gas prices as Middle East conflict continues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nETS prices defy rise in gas prices as Middle East conflict continues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-12 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/ets-prices-defy-rise-in-gas-prices-as-middle-east-conflict-continues/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>European allowances (EUA) are the units traded in the EU’s Emission Trading System (ETS). Market participants are required to purchase one EUA for every tonne of carbon they emit covered by the ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/ets-prices-defy-rise-in-gas-prices-as-middle-east-conflict-continues/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ETS","symbol_name":"Elite Express Holding Inc.","start_time":0,"source_url":"https://www.fastmarkets.com/insights/ets-prices-defy-rise-in-gas-prices-as-middle-east-conflict-continues/","article_id":"2618135422","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/ets-prices-defy-rise-in-gas-prices-as-middle-east-conflict-continues/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2618135422","pubTimestamp":1773288000,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"European allowances have steadily dropped in recent days amid wide uncertainty in the emissions trading market, defying a sharp spike in Dutch TTF Natural Gas prices prompted by the escalating conflict in the Middle East.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ETS":"Elite Express Holding Inc.","BK4232":"货物陆运"},"translate_title":"随着中东冲突的持续，ETS价格无视天然气价格上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETS":1.5},"content_text":"European allowances (EUA) are the units traded in the EU’s Emission Trading System (ETS). Market participants are required to purchase one EUA for every tonne of carbon they emit covered by the program in the bloc.\nEUAs can be purchased on the primary or secondary markets and have historically corresponded closely to supply/demand fundamentals and pricing in the energy markets.\nThis is mainly down to fuel switching and energy production in the bloc, with higher gas prices usually incentivizing the grid to switch to coal use, which has higher carbon emissions and therefore raises demand for EUAs.\nWhile the current conflict in the Middle East – between Iran and the US/Israel – continues to escalate, TTF prices have risen substantially, incentivizing the use of cheaper coal-based alternatives. But while the gas market has rallied, EUAs have instead remained stable this week after steady declines through January and February.\nThe ICE December 2026 Dutch TTF contract was most recently at €45.33 ($52.41) on Friday March 6, after trading around €30 for much of the year.\nThis bullishness has largely been in response to the US and Israel’s attack on Iran on February 28, with ICE December 2026 Dutch TTF rising by 40% from €31.79 on February 27 to €44.65 on March 3. It has since stabilized slightly but remains at elevated levels overall.\nNear-month futures showed even more strength, signifying increased near-term supply disruptions, with the April 2026 contract up by 70% to €54.29 on March 3 from €31.95 on February 27. It has since weakened slightly to €52.21 on Friday but is still significantly higher than in February.\nFastmarkets’ analysts believe that a 40% increase in gas prices from an original baseline trajectory would lead to a 4% increase in 2026 power emissions, translating to a 20.5 million tCO2e rise in emissions in the EU and subsequent demand for EUAs.\nDespite this, EUAs on ICE have shown no bullish momentum, with bearish sentiment dominating.\nThe ICE December 2026 EUA contract was most recently down by 15% to €70.76 on March 5 from €83.28 in early February. EUAs reached their highest level this year on January 19, when the contract was at €92.04.\nSentiment over the direction and stability of the EU’s ETS has capped any drastic move to prices, despite the sharp spike in Dutch TTF Natural Gas Futures on ICE.\nMember States have been vocal in opposing the EU’s ETS recently, causing continuing speculation around upcoming reform.\nFor instance, ministers of industry in Austria, Croatia, the Czech Republic, France, Germany, Italy, Luxembourg, Poland, Portugal, Romania, Slovakia, Slovenia and Spain recently issued a joint statement calling for ETS revisions.\nThe ministers called for an ETS that will enhance “EU competitiveness by ensuring an effective price signal, predictability, market stability and protection against excessive price volatility, together with a pragmatic approach to free allocation that fosters investments in climate-friendly technologies and provides robust safeguards against carbon leakage.”\nIn addition, Italy’s Minister for Enterprises, Adolfo Urso, called for a “substantial, organic revision” of the ETS during the European Commission’s Competitiveness Summit on February 26.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}