欧盟碳市场行情简报（2025年第102期）-20250617

Report Industry Investment Rating - Short - term bearish, medium - term volatile, with a price range of €67 - 76 [1] Core View - With signs of easing in the Middle East situation, the EUA price has slightly declined. There are both bullish and bearish factors in the market [1] Summary by Related Content Market Conditions - Primary Market: The EUA auction price is 74.51 euro/ton (-1.13%), and the bid coverage ratio is 1.35. On June 16, 2025, the EUA auction volume was 324,550 tons, the CBAM certificate price was 71.39 euro/ton, and the auction revenue was 24,1820,000 euro [1][2] - Secondary Market: The EUA futures settlement price is 75.34 euro/ton (-0.79%), with a trading volume of 29,700 lots (0.00 change). The spot settlement price dropped 0.79% to 75 euro/ton, and the spot trading volume increased 0.70% to 2,962 lots. The container shipping carbon cost was 12.86 dollars/TEU [1][3] Bullish Factors - The EU is ready to accept a conditional 10% unified US tariff. There are differences in the market regarding the systematic impact of corrosion problems on the relatively new French Civaux 2 nuclear power plant [1] Bearish Factors - Austria calls for re - evaluating the EU's ban on Russian fossil fuel imports under the condition of peace in Ukraine. The US says it will postpone sanctions on Russia to reach an agreement. Iran hopes to ease hostilities with Israel and negotiate, leading to a drop in crude oil prices. Russia is slowly restarting the TurkStream pipeline to supply natural gas to Europe [1]