Emissions rights futures in the ICE market for the reference contract of December 2024 reached their weekly maximum settlement price, €72.42/t, on Monday, January 8. This price was already 5.1% lower than on the previous Friday.
The downward trend continued during the rest of the second week of January. As a result, on Friday, January 12, these futures registered their weekly minimum settlement price, €65.81/t.
This price was the lowest since March 8, 2022. The proximity of the start of the 2024 emission rights auctions, scheduled for Monday, January 15, exerted a downward influence on the prices of these futures during the second week of January.