China Carbon Market Weekly Update – 24 April 2023

Weeks at a glance (April 17 – April 21, 2023)

  • Activity on China’s national Carbon Emissions Allowance (CEA) market recovered from a two-week decline, closing this week with a weekly total volume of 600,970 tons.  Block trades came back and accounted for almost all of the weekly total volume. Open market transaction prices lowered again after a recovery in the previous week from a 16-month low set two weeks before. The closing price for the week was 53.40 yuan ($7.77) per ton, 4.6% lower than the previous week. The volume-weighted price for all of the week’s trades was 50.24 yuan ($7.31) per ton, 10.3% lower than the previous week.
  • Activity across the nine regional China Certified Emission Reductions (CCER) markets remained steady, ending this week with a combined weekly volume of 118,151 tons. Tianjin led the markets for the fourth week in a row, again accounting for nearly two thirds of their combined volume. Meaningful price information was available from the Sichuan market. The inferred weekly volume-weighted average price for the market was close to 120 yuan ($17.36) per ton, a 139% premium over its national CEA counterpart.
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