China Carbon Market Weekly Update – 17 April 2023

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, returning to the prevailing level since December.
  • Activity across the nine regional China Certified Emission Reductions (CCER) markets stemmed from the downward trend seen over the previous three weeks, ending this week with a combined weekly volume of 111,791 tons. Tianjin led the markets for the third week in a row, accounting for nearly two-thirds of their combined volume. Meaningful price information was available from the Shenzhen, Sichuan, Shanghai, and Beijing markets on open market transactions. All markets maintained a sizable CCER price premium over their national CEA counterpart based on volume-weighted average prices for open market transactions.
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