欧盟碳市场行情简报(2026年第34期)-20260302

1. Report Industry Investment Rating - No information provided in the report 2. Core View of the Report - The carbon market rules softening call has resurfaced, and EUA has significantly weakened. The auction price of EUA in the primary market decreased by 1.91% to 68.37 euros/ton, and the EUA futures settlement price in the secondary market dropped by 2.22% to 70.97 euros/ton [2]. - There are no new positive factors, while negative factors include Germany's loosening of key elements in the EU carbon market and Italy's hope to suspend the EU carbon market [2]. 3. Summary by Relevant Catalogs 3.1 Market Quotes - Primary Market: The auction price of EUA was 68.37 euros/ton, a decrease of 1.91%, and the bid - coverage ratio was 1.58 [2]. - Secondary Market: The EUA futures settlement price was 70.97 euros/ton, a decrease of 2.22%, with a trading volume of 45,500 lots. The spot settlement price was 69.60 euros/ton, a decrease of 2.25% [2][4]. 3.2 Strategy - The signal strength is 0 (0 means short - position, ±1 means slightly long/short, ±2 means long/short) [2]. 3.3 Core Logic - Belgium hopes to include low - carbon hydrogen in the EU's green targets; otherwise, industrial projects may be delayed or cancelled [2]. - The European gas storage inventory is about 32%, significantly lower than the five - year average of 49%. However, the sufficient arrival of LNG in Europe has hedged the decline in inventory. Kpler expects that the arrival of LNG in Europe in February will reach 0.14 billion tons, setting a new monthly high, a year - on - year increase of 22% [2].