Weeks at a glance (January 16 – January 20, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market was relatively strong for the week just before the week-long Lunar New Year holidays, with a total weekly volume of 250,209 tons. All of this volume was composed of open market transactions that took place almost entirely on the first two days of the week. Market prices remained stable amid wide volume fluctuations. Open market transaction prices closed the week at...
Weeks at a glance (January 9 – January 13, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market was nearly non-existent for the week, totaling a volume of only 500 tons that were evenly distributed across the 5 trading days. There was not any reason for the covered entities to engage with the market in the absence of any policy update or market news. Market prices remained stable amid thin volumes. Open market transaction prices closed the week at 55.50 yuan...
Monthly carbon market update (December 2022) Trading in China’s national carbon emissions allowance (CEA) market rose to its 2022 monthly high of over 26 million tons in the last month of the year. Block trades accounted for an overwhelming 95.8% of the volume, suggesting that many of these trades may be between subsidiaries of the same parent company for their internal end-of-year CEA balancing, as block trades have been thought to be the main trading method for intra-company transactions and...
Weeks at a glance (January 3 – January 6, 2022) After a flurry of activity over the last several weeks of 2022, China’s national Carbon Emissions Allowance (CEA) market started 2023 with a very quiet holiday-shortened week. The total volume for the week was only 5,491 tons, all of which were open-market transactions. Prices bounced off the 2022 low set in the previous week, closing the week 1.8% higher at 56.00 yuan/ton ($8.13/ton). The volume-weighted average price for all of the...
Weeks at a glance (December 26-December 30, 2022) Activity in China’s national Carbon Emissions Allowance (CEA) market subsided from the previous week’s 2022 record volume but still totaled nearly 4.9 million tons for the last week of the year, making it the second-highest weekly volume for 2022. The last two months of 2022 saw a burst of trading activity after the release of the draft CEA allocation plan by the MEE. These two months combined to account for over 66% of the 2022 annual...