The Bottom Has Gone – Trades Explode.
The only way is up! Despite negative media and market headwinds, November and December hit a record number of CTX trades – over 140 and counting. Pulled down by many CTX competitors (who showed prices plummeting as low as 23 cents) CTX prices dipped to 50 cents on certain older CERs (300,000 credits) which is our HARD FLOOR price. Then within a week the next 50,000 trade was at 80 cents (+60%) but alongside these multiple trades over $4 & $5.00, and volumes of up to 250,000 this week, so despite our ‘micro trade’ minimums of 100 tones, the 52 weeks average remains over 6,000 credits per transaction. Buyers, Brokers and reseller platforms took advantage of the lowest prices you will see in the future. Sure, the recent trades are sometimes smaller or lower value than in previous years, but there is multiple every day – and by having a % of the trade as fees, we ride the same wave our buyers and sellers do.
