+------------------------------------------------------------------------------+
Carbon Permit Prices Fall on Most U.K. Auction Days, Orbeo Says
2010-10-12 13:01:01.669 GMT
By Mathew Carr
Oct. 12 (Bloomberg) -- European Union carbon permits
declined on 9 of 14 days the U.K. sold allowances, Orbeo said.
Prices decreased on 10 of 14 mornings of the auction,
Emmanuel Fages and Carine Hemery, analysts for Orbeo in Paris,
said today in an e-mailed research note titled "Sell, you will
do well." Orbeo is the carbon venture of Rhodia SA and Societe
Generale SA. The strike price of the U.K. auction is announced
shortly after 10 a.m. London time on sale days.
In six of the sales, the trend in place before the auction
continued the day afterwards, Orbeo said. "The U.K. auctions do
not clearly influence the price dynamics," the analysts said.
One auction-day strategy would be to sell allowances when prices
fell the previous day and buy when they rose, they said.
For Related News and Information:
Emission market news NI ECREDITS <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
--Editors: Rob Verdonck, Alex Devine
To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 or
m.carr@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
