1. Total Weekly Volume of 2.28 M tons (-63% WoW change)
2. RGGI ICE weekly average settlement price: $13.55 (+0.35% WoW)
3. Long positions by compliance entities decrease by 1.6 M tons and managed money decreased short positions by 0.90 M tons.

Summary:

RGGI prices rose 3% over the week. The rise comes after a major dip of 2% in the week prior. Volumes remain relatively low on the ICE exchange, a 63% dip over last week. Managed money has sharply declined, by 13% over the last week, indicating managed money has considerably reduced new contracts after last month’s front expired.

The uncertainty over Pennsylvania continues, and it will be some time until the court gives the state clearance to participate. It is unlikely, that the state could participate even in the December auction. Down South, Virginia’s Gov Youngkin’s administration continues to take measures towards removing the state from RGGI