China Carbon Market Weekly Update – 16 January 2023

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 ($8.24) per ton, less than 1% lower than the previous week. The volume-weighted average price for all of the week’s trades, all of which were open market transactions, was 55.75 yuan ($8.28) per ton, just over 1% higher than the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets went in the opposite direction to that of the CEA market, surging to 232,660 tons on the back of a strong Friday by the Sichuan and Tianjin markets. Open market transactions in the Sichuan market had a volume-weighted average price of 51.31 yuan per ton, a 16% decrease from the previous week and 8% lower than its CEA market counterpart.
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