Weeks at a glance (November 21-November 25, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market jumped again off of the previous week’s 10-month high, totaling nearly 3.5 million tons for the week. Open market transactions and block trades were both active, with volumes above or near the 90th percentile of both their historic records. Open market transaction prices remained stable throughout the week, closing at 57.80 yuan/ton ($8.10/ton), slightly higher than the...
Weeks at a glance (November 14-November 18, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market jumped to a 10-month high, totaling nearly 1.2 million tons for the week, its highest since a flurry of trading activity around the first compliance cycle deadline at the end of 2021. Open market transaction prices were stable throughout the week, closing at 57.50 yuan/ton ($8.09/ton ), slightly lower than the previous week. Price volatility of the CEA market has been low...
Weeks at a glance (November 7-November 11, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market dropped sharply, totaling 142,123 tons for the week. While block trades were absent, open market transactions were relatively active, registering a weekly volume near the 75th percentile of the historic record. Open market transaction prices ended the week at 58.00 yuan/ton ($8.07/ton), unchanged from the previous week. The volume-weighted average price of all of the...
Weeks at a glance (October 31-November 4, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market saw a sharp increase in the wake of a strong showing of block trades, totaling 1,309,451 tons for the week. Block trades totaled 1,281,209 tons, reaching their highest volume since late February. Open market transaction prices started the week unchanged from the closing price of the previous week, 58.00 yuan/ton ($7.99/ton ), and remained there for the entire week. The...
Carbon market update (October 2022) Trading in China’s national carbon emissions allowance (CEA) market rebounded somewhat from September’s record monthly low, totaling 969,746 for the month, but still ranking in the bottom 25% of the historic monthly volumes. Block trades took place on four of the holiday-shortened sixteen trading days of the month, accounting for 68% of the monthly total volume. In a monthly press conference on October 27th, the Ministry of Ecology and Environment (MEE)...