EEX trading results for November 2017

EEX trading results for November 2017

EEX: Monthly record in PXE and Phelix-DE Power Futures

In November 2017, the European Energy Exchange (EEX) achieved a total volume of 276.6 TWh on its power derivatives markets (November 2016: 423.2 TWh). The November volume comprised 163.8 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity Clearing (ECC).

For the first time, more than 10 TWh were traded in power derivatives for the Central and Eastern European markets, formerly listed at the Prague-based Power Exchange Europe (PXE). Since the migration of the products onto the EEX platform in mid-June, liquidity in these markets has increased significantly. In November, a total volume of 10,190,703 MWh was traded (volume includes Czech, Hungarian and Slovak Power Futures), representing a new monthly record.
The shift of liquidity from the German-Austrian power futures into the German Phelix DE future continued, resulting in a new record volume of 72,651,053 MWh traded in the German contract.

Emission Allowances

On the EEX Market for emission allowances, 144.3 million tonnes of CO2 (November 2016: 79.2 million tonnes of CO2) were traded in November. The total volume increased by 82%. Primary market auctions contributed 81.9 million tonnes of CO2 to the total volume. On the emission derivatives market 57.9 million tonnes of CO2 were traded which is more than three times the volume of the same month of the previous year (November 2016: 18.5 million tonnes of CO2).

Agricultural Products

Throughout November, a total of 4,198 contracts was traded in agricultural products (November 2016: 5,387 contracts). In the dairy segment, the volume reached 2,530 contracts (equal to 12,650 tonnes). In processing potatoes, a volume of 1,668 contracts (equal to 41,700 tonnes) was traded.

Global Commodities

In freight futures which are available for trade registration, EEX recorded a volume of 3,653 contracts in November (November 2016: 5,940 contracts). In mid-November, EEX Group successfully novated all remaining positions in Dry Bulk Freight FFA from LCH Ltd. to its clearing house European Commodity Clearing (ECC), increasing its market share in the freight open interest from 4% to 17% and gaining more than 50 new clients.

New Participants

In November, EEX admitted e-PANGO SAS, La Plaine Saint Denis (France), In Commodities A/S, Aarhus, IREN ENERGIA S.p.A., Turin, Rock Trading World SA, Geneva and Vector Investments SA, Geneva, as new trading participants. Goldman Sachs International, London, Macquarie Bank Limited (London Branch), Merrill Lynch International, London, RWE Supply & Trading GmbH, Essen, and Uniper Global Commodities SE, Dusseldorf, extended their admission to trading on the freight market. Koch Supply & Trading Sàrl, Vernier (Switzerland) has been admitted to trading in wood pellet futures.

EEX – Monthly Figures Report for November 2017

Volumes

Power Derivatives Market

Monthly volume
MWh

Monthly volume – previous year
MWh

Total

276.552.654

423,223,549

Phelix DE/AT Futures

84,812,601

309,324,866

Phelix-DE Futures

72,651,053

n/a

Phelix-AT Futures

55,073

n/a

French Futures

38,764,937

44,365,404

Italian Futures

43,291,700

37,082,064

Spanish Futures

5,590,121

5,388,726

Dutch Futures

3,336,721

653,445

Further markets

12,737,298

1,364,204

Options on Phelix Futures

10,933,150

19,802,640

Further Option Markets

4,380,000

5,242,200

CO2 Emissions Market

Monthly volume
tonnes of CO2

Monthly volume – previous year
tonnes of CO2

Total

144.311.500

79,151,500

EUA Spot Market

- thereof: Primary Market Auctions

- thereof: Secondary Market

84,625,500

81,887,500

2,738,000

59,708,000

57,948,000

1,760,000

EUAA Primary Market

1,754,000

681,500

EUA Futures

57,932,000

18,512,000

Agricultural Products

Monthly volume
Number of contracts

Monthly volume
– previous year
Number of contracts

Total

4,198

5,387

Processing Potatoes

1,668

3,503

Dairy Products

2,530

1,884

 

Global Commodities

Monthly volume
Number of contracts

Monthly volume
– previous year
Number of contracts

Freight Futures

3,653

5,940

Prices and Indices

 

11/2017

Phelix Futures – Settlement Price for base load contract

with delivery in 2018 (in €/MWh)

37.60

Phelix Futures – Settlement Price for peak load contract

with delivery in 2018 (in €/MWh)

45.70

E-Carbix (in €/EUA)

7.57

Settlement Price on EUA Derivatives Market

in Dec 2017 contract (min, / max,) in €/EUA

7.35 / 7.92

The European Energy Exchange (EEX) is the leading energy exchange in Europe which develops, operates and connects secure, liquid and transparent markets for energy and related products. As part of EEX Group, a group of companies serving international commodity markets, EEX offers contracts on Power, Emission Allowances and Coal as well as Freight and Agricultural Products. EEX is part of Deutsche Börse Group.