Weeks at a glance (March 20 – March 24, 2023)
- Activity on China’s national Carbon Emissions Allowance (CEA) market dropped further from the previous week’s low volume, ending this week with a weekly volume of only 1,385 tons. Block trades were absent for the second week in a row. Open market transaction prices remained stable amid low volumes, closing the week at 56.00 yuan ($8.19) per ton, 1.3% lower than the previous week. The volume-weighted price for all of the week’s trades was 56.13 yuan ($8.21) per ton, slightly lower than the previous week.
- Activity across the nine regional China Certified Emission Reductions (CCER) markets declined from a 2023 high set in the previous week, but remained strong, ending the week with a combined weekly volume of 194,767 tons. Sichuan led the markets, followed by Tianjin, Shenzhen, and Shanghai. Both Sichuan and Shanghai saw their volume-weighted average prices recover from the steep drops of the previous week, ending the week above their national CEA counterpart.