China Carbon Market Weekly Update – 23 January 2023

Weeks at a glance (January 16 – January 20, 2023)

  • Activity on China’s national Carbon Emissions Allowance (CEA) market was relatively strong for the week just before the week-long Lunar New Year holidays, with a total weekly volume of 250,209 tons. All of this volume was composed of open market transactions that took place almost entirely on the first two days of the week. Market prices remained stable amid wide volume fluctuations. Open market transaction prices closed the week at 56.00 yuan ($8.27) per ton, while the volume-weighted price was 55.73 yuan ($8.23) per ton, both of which changed less than one percent from the previous week.
  • Activity across the nine China Certified Emission Reductions (CCER) markets carried its momentum from last week and ended the week with a total volume of 299,772 tons. Sichuan accounted for the vast majority of this volume with strong block and OTC trades. The volume-weighted weekly average prices for all of the Sichuan and Shanghai markets’ trades were both above 80 yuan ($11.81) per ton.
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