The EU carbon price remains high! The supply and demand situation in the auction market is stable.

On Tuesday, the EU auctioned 3.268 million tons of spot carbon allowances on the EEX exchange, settling at a price of 79.91 euros per ton. The oversubscription ratio for this auction was 1.66 times, indicating that institutional demand for carbon allowances remains strong. Compared to the auction price of 79.8 euros in Germany on November 7, there was a slight increase, continuing the recent trend of strong carbon prices. Compared to the auction price of 78.6 euros in Poland on October 29, carbon prices in the EU core area show a moderate upward trend. The current price level is approaching the key psychological barrier of 80 euros, reflecting market expectations of continued tightening of emission reduction policies. There are differences in oversubscription ratios for auctions in different member states, with Germany at 1.92 times and Poland at 1.91 times, both higher than the overall level of this EU auction. The stable carbon prices in the historical high range indicate that the EU emissions trading system is still in a tight supply and demand situation.