Week at a glance (June 19 – June 23, 2023) Activity in China’s national Carbon Emissions Allowance (CEA) market increased sharply for the second consecutive week. Despite a holiday-shortened 3-trading-day week, total weekly volume rose to a 2023 high of over 1.1 million tons, with block trades returning after a one-week absence and open market transactions reaching a seven-month high of 725,001 tons. The closing price for open market transactions decreased 1.4% from the previous week to...
Week at a glance (June 12 – June 16, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market increased sharply to a four-week high, closing with a weekly total volume of 471,700 tons, well above the 2023 year-to-date average weekly volume of 277 thousand tons. Remarkably, this entire volume was composed of open market transactions, which reached an 18-month volume high. The closing price for open market transactions decreased slightly to 57.80 yuan ($8.11) per ton...
Trading in China’s national carbon emissions allowance (CEA) market totaled 1.23 million tons in May, an increase of 17% from April, but still well below the median of all past monthly total volumes. Most of the increase came from a return of the open market transaction volume to near its historic monthly median after two months of extremely low volumes. Block trades, however, still accounted for 83% of May’s total volume. There was not any noteworthy policy or market news during the...
Week at a glance (June 5 – June 9, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market declined to below the 2023 median level held over the previous two weeks, closing with a weekly total volume of 104,560 tons. On Tuesday, the State Council published its 2023 plan for regulation development. The much-anticipated Interim Regulation for the Management of Carbon Emissions Trading was downgraded to be among several regulations that will be “prepared for development”...
Week at a glance (May 29 – June 2, 2023) Activity on China’s national Carbon Emissions Allowance (CEA) market held steady after a steep drop in the previous week, closing with a weekly total volume of 125,141 tons. This volume is the median for 2023 but stands below the 25th percentile of all past weekly volumes. The closing price for open market transactions rose 2.6% from the previous week to 58.50 yuan ($8.24) per ton, a new 2023 high. The volume-weighted average price for all of the...