China Carbon Market Weekly Update – 20 February 2023

Weeks at a glance (February 13 – 17, 2023)

  • Activity on China’s national Carbon Emissions Allowance (CEA) market further increased from a pick-up in the week before, ending this week with a total volume of 731,976 tons. Both open market transactions and block trades gained volume with each type of trade reaching a weekly volume well above its past weekly median. Market prices increased with the volumes. Open market transactions closed the week at 56.30 ($8.20) per ton, rising above 56.00 yuan per ton for the first time in 7 weeks. The volume-weighted price for all of the week’s trades was 57.11 yuan ($8.32) per ton.
  • Activity across the nine China Certified Emission Reductions (CCER) markets decreased substantially from the previous week, ending the week with a total volume of 94,234 tons. Tianjin led the markets with nearly 70% of the combined total volume. Prices on both the Shanghai and Sichuan markets maintained high premiums over that of the national CEA market.
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