欧盟碳市场行情简报（2025年第95期）-20250606

Report Summary 1. Report Industry Investment Rating - Short - term: Neutral to bullish; Medium - term: Oscillation range between €67 - 75 [2] 2. Core View of the Report - Supply disturbances continue to push up TTF, while EUA shows a flat performance. There are no new negative factors, and the positive factor is that the Norwegian Kollsnes natural gas processing plant has started seasonal work, with Norway's supply accounting for about one - third of EU imports in 2024 [2] 3. Summary by Related Catalogs Market Conditions - Primary Market: The EUA auction price is 72.54 euros/ton (up 2.73%), and the bid - cover ratio is 1.46 [2] - Secondary Market: The EUA futures settlement price is 72.74 euros/ton (up 0.18%), with a trading volume of 27,700 lots (up 0.49) [2] Auction Information | Date | EUA Auction Price (euros/ton) | CBAM Certificate Price (euros/ton) | EUA Auction Volume (10,000 tons) | Bid - cover Ratio | Auction Revenue (10,000 euros) | | ---- | ---- | ---- | ---- | ---- | ---- | | 2025 - 06 - 05 | 72.54 | 324.55 | 71.13 | 1.46 | 23,543 | | 2025 - 06 - 03 | 70.61 | 324.55 | 71.13 | 1.48 | 22,916 | [4] Futures and Spot Market Information | | Futures Settlement Price (euros/ton) | Futures Trading Volume (10,000 lots) | Futures Open Interest (10,000 lots) | Spot Settlement Price (euros/ton) | Spot Trading Volume (lots) | Container Shipping Carbon Cost (US dollars/TEU) | Freight Ratio | | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | 2025 - 06 - 04 | 72.61 | 2.77 | 32.02 | 71.79 | 2,311 | 12.55 | 847 | | 2025 - 06 - 05 | 72.74 (up 0.18%) | 2.77 (up 0.49) | 32.02 (no change) | 71.67 (up 0.17%) | 2,311 (up 0.79%) | | | [5]