China Carbon Market Weekly Update – 14 August 2023

Week at a glance (August 7 – August 11, 2023)

  • Activity in China’s national Carbon Emissions Allowance (CEA) market hit a 5-week high, ending the week with a weekly total volume of over 836 thousand tons. Open market transactions maintained their above-average volume for the week while block trades also reached a 5-week high. Prices reached fresh all-time highs, replacing the previous highs set just a week before. The weekly closing price for open market transactions jumped nearly 6% from the previous week to a new all-time high of 69.90 yuan ($9.76) per ton. The volume-weighted average price for block trades recorded its all-time high at 66.08 yuan ($9.23) per ton. The volume-weighted average price for all of the week’s trades was 66.38 yuan ($9.27) per ton, also a new all-time high.
  • Activity across the nine regional China Certified Emission Reductions (CCER) markets reached a three-month high of 255,457 tons. Shanghai and Shenzhen led the markets, followed by Beijing and Sichuan. On a weekly volume-weighted price basis, available data showed that only Beijing maintained an open market transaction price premium over its CEA counterpart.
Share this report