Weeks at a glance (February 20 – 24, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market further increased from the previous week, ending this week with a total volume of 1,002,010 tons and crossing the 1-million-ton mark for the first time in 2023. Block trades registered 1 million tons on the last day of the week. Open market transaction prices remained stable, closing the week at 56.50 ($8.20) per ton, slightly higher than the previous week. The volume-weighted...
Weeks at a glance (February 13 – 17, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market further increased from a pick-up in the week before, ending this week with a total volume of 731,976 tons. Both open market transactions and block trades gained volume with each type of trade reaching a weekly volume well above its past weekly median. Market prices increased with the volumes. Open market transactions closed the week at 56.30 ($8.20) per ton, rising above 56.00...
Weeks at a glance (February 06 – 10, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market picked up meaningfully with a return of block trades for the first time in 2023, ending the week with a total volume of 109,310 tons. Prices for open market transactions started the week at the closing price of the previous trading week—56.00 yuan ($8.24) per ton—and remained unchanged for the entire week. The volume-weighted price for all of the week’s trades was 55.54 yuan ($8...
Monthly carbon market update (January 2023) Trading in China’s national carbon emissions allowance (CEA) market in the first month of 2023 dropped to its second-lowest monthly volume on record. The Chinese New Year’s holidays shortened the trading days for the month to only 16 days and there was a complete absence of block trades. Covered entities under China’s emissions trading scheme (ETS) had likely finished with their year-end internal CEA balancing. With the deadline for the 2021-22...
Weeks at a glance (January 30 – February 03, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market was very quiet during the first week after the week-long Lunar New Year holidays, with a total weekly volume of 1,710 tons. Market prices started the week at the closing price of the previous trading week, 56.00 yuan ($8.31) per ton, and remained unchanged for the entire week. Activity across the nine China Certified Emission Reductions (CCER) markets was relatively...