Weeks at a glance (April 17 – April 21, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market recovered from a two-week decline, closing this week with a weekly total volume of 600,970 tons. Block trades came back and accounted for almost all of the weekly total volume. Open market transaction prices lowered again after a recovery in the previous week from a 16-month low set two weeks before. The closing price for the week was 53.40 yuan ($7.77) per ton, 4.6%...
Weeks at a glance (April 10 – April 14, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market further dropped from the previous week, closing this week with a weekly total volume of 30,210 tons. Block trades were completely absent during the week. The closing price for the week was 56.00 yuan ($8.16) per ton, 1.1% higher than the previous week. The volume-weighted price for the week increased substantially to 56.17 ($8.19), 11% higher than the previous week...
Weeks at a glance (April 3 – April 7, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market dropped substantially from the previous week during a four-day trading week shortened by the Qingming Holiday, closing the week with a weekly total volume of 410,247 tons. Block trades accounted for over 97% of the total volume, slightly above its historic medium. Open market transaction prices lowered markedly. The closing price for the week was 55.40 yuan ($8.05) per...
Monthly carbon market update (March 2023) Trading in China’s national carbon emissions allowance (CEA) market totaled 1.3 million tons in March, a decrease of nearly 30% from February. Block trades accounted for close to 98% of March’s total volume, leaving this month’s open market transaction volume the 3rd lowest on record. On March 16, the Ministry of Ecology and Environment announced the implementation plan (the “Plan”) for CEA determination and allocation to covered entities for the...
Weeks at a glance (March 27 – March 31, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market recovered from the low levels of the previous two weeks thanks to a return of block trades. The market closed the week with a weekly total volume of 796,667 tons. Open market transaction prices remained stable, closing the week at 56.00 yuan ($8.15) per ton, and unchanged from the previous week. The volume-weighted price for all of the week’s trades was 50.20 yuan ($7...