CO₂ prices remain stable at the end of September. Despite mixed signals, the market has so far resisted a clear breakthrough below the EUR 76 mark. Any setback continues to find buyers quickly, underlining the continued strong demand.

The options expiry yesterday brought no surprises and the market remains calm. Volatility is also low, which shows: Traders do not expect major price fluctuations in the short term.

Funds and speculators have increased their bets on rising prices. They now hold over 78 million tonnes of long positions - a significant increase shortly before the deadline. Nevertheless, there have been no hectic swings, as there are apparently enough sellers available. Interestingly, this accumulation has not triggered any chaotic price movements, which indicates that there are apparently enough counterparties willing to sell to balance demand.