Carbon market update (June 2022) Trading in China’s national carbon emissions allowance (CEA) market ended June with a monthly total volume of 770,290 tons, near the all-time monthly low set in March. Open market transactions did set an all-time monthly low of 290 tons. Block trades occurred on 5 of the 19 trading days but accounted for nearly all of the monthly total volume. The main factors for this low activity, according to some market observers, were 1) a lack of regulatory clarity on the...
Week at a glance (June 20 – June 24, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market saw a sharp rebound to a weekly total volume of 520,120 tons, most of which were block trades totaling 520,000 tons for the week. Open market transactions hovered near all-time lows. Block trade volume was well below the all-time weekly average but close to the 2022 year-to-date weekly average. Open market transaction prices closed the week at 60 yuan/ton ($8.97/ton), and the...
Week at a glance (June 13 – June 17, 2022) Activity on China’s national Carbon Emissions Allowance (CEA) market slowed to a trickle, with a record low 50 tons of open market transactions for the entire week. Prices remained unchanged during the week at 59.00 yuan/ton ($8.78/ton) and closed the week at the same price. Activity across the nine China Certified Emission Reductions (CCER) markets plummeted from the previous week, totaling only 323,264 tons for the week. Shanghai led the...
Week at a glance (June 6 – June 10, 2022) Activity on China’s national Carbon Emissions Allowance (CEA) market dropped significantly to a total weekly volume of 150,050 tons, breaking a four-week upward trend. Block trades again comprised nearly all of the total weekly volume at 150,000 tons. Open market transaction prices closed the week at 59.00 yuan/ton ($8.79/ton). The volume-weighted average price for all of the week’s trades increased 9.4% to 59.70 yuan/ton ($8.90/ton). Activity...
Week at a glance (May 30 – June 3, 2022) China’s national Carbon Emissions Allowance (CEA) market increased activity four weeks in a row, reaching a total weekly volume of 700,040 tons. Block trades again comprised nearly all of the total weekly volume. Open market transaction prices stayed at the 59.00 yuan/ton ($8.86/ton) mark for the entire week, closing the week at that price. The volume-weighted average price for all of the week’s trades decreased 2.1% to 54.57 yuan/ton ($8...