No trades were reported this week in the Cross-State Air Pollution Rule emissions market, keeping pricing unchanged.
S&P Global Platts on Friday assessed Seasonal NOx allowances at $225/st, Annual NOx allowances at $25/st, Group 1 SO2 allowances at $2/st and Group 2 SO2 allowances at $3.50/st, all unmoved from last week, based on broker marks.
Brokers said an oversupply of allowances and decline in coal generation has kept interest to deal at a minimum. Activity could pick up, sources said, if we see hot summer weather and a continued increase in gas prices.
Signs do point to more coal burn. S&P Global Analytics data shows US coal consumption topped 15 million st in the past two weeks, the first time burn has reached such levels in consecutive weeks since mid-February.
"More coal burn would be good for the market," one broker said. "We'll see things pick up, it's just a matter of time."
